Acrow Formwork and Construction Services Stock Forecast
Acrow Formwork and Construction Services stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Acrow Formwork and Construction Services stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 1.90% from a day low at $1.05 to a day high of $1.07. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.06% during the next 3 months and, with a 90% probability hold a price between $0.97 and $1.07 at the end of this 3-month period.
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ACF.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. 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 Acrow Formwork and Construction Services 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 $1.07 and $1.13. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Acrow Formwork and Construction Services stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0200 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACF.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Acrow Formwork and Construction Services Ltd to open at $1.06, and during the day (based on 14 day Average True Range), to move between $1.03 and $1.09, which gives a possible trading interval of +/-$0.0257 (+/-2.43%) up or down from last closing price. If Acrow Formwork and Construction Services Ltd takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.14, some $0.0800 (7.55%) from the current price of $1.06, our system finds the risk reward not very attractive.
Is Acrow Formwork and Construction Services Ltd stock A Buy?
Acrow Formwork and Construction Services 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: -2.065 Sell Candidate Unchanged
Predicted Opening Price for Acrow Formwork and Construction Services Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $1.06 ( 0%) | $1.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACF.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.08 | 1.89% |
| R2 | 1.07 | 1.17% |
| R1 | 1.07 | 0.721% |
| Price | 1.06 | |
| S1 | 1.05 | -0.721% |
| S2 | 1.05 | -1.17% |
| S3 | 1.04 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.17 | 10.38% |
| R2 | 1.15 | 8.49% |
| R1 | 1.14 | 7.55% |
| Price | 1.06 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ACF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 31, 2024 | $0.0285 | 2.48% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Nov 30, 2023 | $0.0270 | 2.83% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | $0.0170 | 1.93% |
| 4 | Oct 27, 2022 | Oct 27, 2022 | Oct 27, 2022 | $0.0150 | 2.78% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.0120 | 2.29% |
FAQ
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