Acorn Capital Investment Fund Limited Stock Forecast
Acorn Capital Investment Fund Limited stock price ended at $0.81 on Monday, after losing 1.82%.
(Updated on May 06, 2024)
The Acorn Capital Investment Fund Limited stock price fell by -1.82% on the last day (Monday, 6th May 2024) from $0.83 to $0.81. During the last trading day the stock fluctuated 1.85% from a day low at $0.81 to a day high of $0.83. The price has fallen in 5 of the last 10 days and is down by -6.36% for this period. Volume has increased on the last day by 145 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 240 thousand shares were bought and sold for approximately $194.08 thousand.
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 $0.799 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.29% during the next 3 months and, with a 90% probability hold a price between $0.732 and $0.81 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.
ACQ.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Acorn Capital Investment Fund Limited 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 $0.86 and $0.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -9.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Acorn Capital Investment Fund Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Acorn Capital Investment Fund Limited 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0150 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACQ.AX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Acorn Capital Investment Fund Limited to open at $0.82, and during the day (based on 14 day Average True Range), to move between $0.790 and $0.83, which gives a possible trading interval of +/-$0.0202 (+/-2.49%) up or down from last closing price. If Acorn Capital Investment Fund Limited takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.86, some $0.0450 (5.56%) from the current price of $0.81, our system finds the risk reward not very attractive.
Is Acorn Capital Investment Fund Limited stock A Buy?
Acorn Capital Investment Fund Limited 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: -3.738 Sell Candidate Unchanged
Predicted Opening Price for Acorn Capital Investment Fund Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.82 ( 0.617%) | $0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACQ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 2.47 % | |
| R2 | 0.82 | 1.76 % | ||
| R1 | 0.82 | 1.32 % | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.81 | -0.0901 % | |
| S2 | 0.81 | -0.527 % | ||
| S3 | 0.80 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.87 | 6.79 % | |
| R2 | 0.86 | 6.17 % | ||
| R1 | 0.86 | 5.56 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ACQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 23, 2024 | $0.0275 | 3.40% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | $0.0425 | 4.36% |
| 3 | May 03, 2023 | May 03, 2023 | May 03, 2023 | $0.0425 | 3.94% |
| 4 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | $0.0425 | 4.01% |
| 5 | May 03, 2022 | May 03, 2022 | May 03, 2022 | $0.0425 | 3.08% |
FAQ
Click here for our free guide on how to buy Acorn Capital Investment Fund Limited Stock.
