Acco Brands Corporation Stock Forecast
Acco Brands Corporation stock price down 1.41% on Wednesday
(Updated on Apr 24, 2024)
The Acco Brands Corporation stock price fell by -1.41% on the last day (Wednesday, 24th Apr 2024) from $4.98 to $4.91. During the last trading day the stock fluctuated 3.21% from a day low at $4.83 to a day high of $4.99. The price has been going up and down for this period, and there has been a -4.1% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -92 thousand shares and in total, 483 thousand shares were bought and sold for approximately $2.37 million.
The stock lies in the middle of a wide and 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 -22.42% during the next 3 months and, with a 90% probability hold a price between $3.66 and $4.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ACCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Acco Brands Corporation 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 $4.92 and $5.27. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Acco Brands Corporation stock
Acco Brands Corporation finds support from accumulated volume at $4.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.155 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACCO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Acco Brands Corporation to open at $4.91, and during the day (based on 14 day Average True Range), to move between $4.76 and $5.06, which gives a possible trading interval of +/-$0.151 (+/-3.07%) up or down from last closing price. If Acco Brands Corporation takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.86 (1.02%) than the resistance at $5.25 (6.92%), 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
Acco Brands Corporation will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0200. We will update the financials statements for Acco Brands Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.25% in the first trading day after earnings release.
Is Acco Brands Corporation stock A Buy?
Acco Brands Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.672 Sell Candidate Unchanged
Predicted Opening Price for Acco Brands Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.91 ( 0.0339%) | $4.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.06 | 3.12 % | |
| R2 | 5.00 | 1.92 % | ||
| R1 | 4.97 | 1.17 % | ||
| Current price: | 4.91 | |||
| Support | S1 | 4.85 | -1.24 % | |
| S2 | 4.81 | -1.98 % | ||
| S3 | 4.75 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.58 | 13.65 % | |
| R2 | 5.39 | 9.78 % | ||
| R1 | 5.25 | 6.92 % | ||
| Current price | 4.91 | |||
| Support | S1 | 4.86 | -1.02% | |
| S2 | 4.84 | -1.43% | ||
| S3 | 0 | . |
ACCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 14, 2024 | Mar 27, 2024 | $0.0750 | 1.33% |
| 2 | Nov 14, 2023 | Nov 14, 2023 | Dec 06, 2023 | $0.0750 | 1.40% |
| 3 | Aug 01, 2023 | Aug 21, 2023 | Sep 12, 2023 | $0.0750 | 1.40% |
| 4 | Apr 28, 2023 | May 18, 2023 | Jun 09, 2023 | $0.0750 | 1.48% |
| 5 | Feb 17, 2023 | Mar 09, 2023 | Jun 09, 2023 | $0.0750 | 1.48% |
FAQ
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