Acadian Timber Corp. Stock Forecast

Acadian Timber Corp. stock upgraded to Buy Candidate.
(Updated on May 30, 2024)

ACAZF Signals & Forecast

The Acadian Timber Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.82 and $12.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.464%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Acadian Timber Corp. stock

Acadian Timber Corp. finds support from accumulated volume at $12.68 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.376%

Acadian Timber Corp. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $12.00 (-6.14%) (This stock has low daily movements and this gives low risk. Low RSI14 is 15 which reduces the risk some. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (ACAZF) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Acadian Timber Corp. to open at $12.78, and during the day (based on 14 day Average True Range), to move between $12.68 and $12.88, which gives a possible trading interval of +/-$0.0980 (+/-0.77%) up or down from last closing price. If Acadian Timber Corp. takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.68 (0.77%) than the resistance at $12.88 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Acadian Timber Corp. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.554 Buy Candidate Upgraded

Predicted Opening Price for Acadian Timber Corp. of Friday, May 31, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.