Ascendas India Trust Stock Forecast
Ascendas India Trust stock price ended at $0.750 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Ascendas India Trust stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.750 to a day high of $0.750. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ascendas India Trust stock with a 90% probability to be traded between $0.720 and $0.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACNDF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 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 Ascendas India Trust 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 $0.750 and $0.755. 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 0.270% to $0.752 within 2 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Ascendas India Trust stock
Ascendas India Trust finds support from accumulated volume at $0.740 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%
Our recommended stop-loss: $0.705 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (ACNDF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ascendas India Trust to open at $0.750, and during the day (based on 14 day Average True Range), to move between $0.745 and $0.755, which gives a possible trading interval of +/-$0.0046 (+/-0.61%) up or down from last closing price. If Ascendas India Trust takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.755 (0.67%) than the support at $0.740 (1.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ascendas India Trust stock A Buy?
Ascendas India Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ascendas India Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.750 ( 0%) | $0.750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACNDF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.750 | - |
| R2 | 0.750 | - |
| R1 | 0.750 | - |
| Price | 0.750 | |
| S1 | 0.750 | - |
| S2 | 0.750 | - |
| S3 | 0.750 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.81 | 8.40% |
| R2 | 0.755 | 0.680% |
| R1 | 0.755 | 0.667% |
| Price | 0.750 | |
| S1 | 0.740 | -1.33% |
| S2 | 0.726 | -3.23% |
| S3 | 0.720 | -4.00% |
ACNDF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Feb 19, 2024 | Feb 28, 2024 | $0.0231 | 3.07% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 30, 2023 | $0.0247 | 2.98% |
| 3 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | $0.0290 | 3.33% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | $0.0310 | 3.56% |
| 5 | Feb 16, 2022 | Feb 16, 2022 | Feb 16, 2022 | $0.0270 | 3.02% |
FAQ
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