Associated Capital Group Inc Stock Forecast
Stronger technical forecast for Associated Capital Group Inc stock price after Friday trading.
(Updated on May 03, 2024)
The Associated Capital Group Inc stock price gained 0.170% on the last trading day (Friday, 3rd May 2024), rising from $32.35 to $32.41. During the last trading day the stock fluctuated 4.13% from a day low at $31.12 to a day high of $32.41. The price has risen in 6 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $120.55 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.94% during the next 3 months and, with a 90% probability hold a price between $30.63 and $32.44 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.793%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Associated Capital Group Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Associated Capital Group Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $32.57. On a fall, the stock will find some support from the short-term average at $32.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Associated Capital Group Inc stock
Associated Capital Group Inc finds support from accumulated volume at $32.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.29 between high and low, or 4.13%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $30.58 (-5.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (AC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Associated Capital Group Inc to open at $31.98, and during the day (based on 14 day Average True Range), to move between $31.88 and $32.93, which gives a possible trading interval of +/-$0.521 (+/-1.61%) up or down from last closing price. If Associated Capital Group Inc takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.33 (0.23%) than the resistance at $32.88 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Associated Capital Group Inc will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Associated Capital Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.19% in the first trading day after earnings release.
Is Associated Capital Group Inc stock A Buy?
Associated Capital Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.605 Hold/Accumulate Upgraded
Predicted Opening Price for Associated Capital Group Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$31.98 ( 1.32%) | $32.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.26 | 2.64 % | |
R2 | 32.77 | 1.13 % | ||
R1 | 32.47 | 0.193 % | ||
Current price: | 32.41 | |||
Support | S1 | 31.49 | -2.84 % | |
S2 | 31.18 | -3.77 % | ||
S3 | 30.69 | -5.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.29 | 2.73 % | |
R2 | 33.18 | 2.39 % | ||
R1 | 32.88 | 1.47 % | ||
Current price | 32.41 | |||
Support | S1 | 32.33 | -0.231% | |
S2 | 32.24 | -0.509% | ||
S3 | 32.00 | -1.25% |
AC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 30, 2023 | Nov 30, 2023 | Dec 14, 2023 | $0.100 | 0.287% |
2 | May 10, 2023 | Jun 14, 2023 | Jun 29, 2023 | $0.100 | 0.284% |
3 | Nov 11, 2022 | Nov 30, 2022 | Dec 15, 2022 | $0.100 | 0.242% |
4 | May 05, 2022 | Jun 14, 2022 | Jun 29, 2022 | $0.100 | 0.274% |
5 | Nov 05, 2021 | Nov 30, 2021 | Dec 15, 2021 | $0.100 | 0.235% |
FAQ
Click here for our free guide on how to buy Associated Capital Group Inc Stock.