Acres Commercial Realty Corp. Stock Forecast
Acres Commercial Realty Corp. stock downgraded to Hold/Accumulate
(Updated on Jun 21, 2024)
The Acres Commercial Realty Corp. stock price fell by -0.199% on the last day (Friday, 21st Jun 2024) from $24.95 to $24.90. During the last trading day the stock fluctuated 0.282% from a day low at $24.86 to a day high of $24.93. The price has risen in 5 of the last 10 days and is up by 0.48% over the past 2 weeks. Volume has increased on the last day by 10 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, 13 thousand shares were bought and sold for approximately $335.10 thousand.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $24.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.80% during the next 3 months and, with a 90% probability hold a price between $24.63 and $25.66 at the end of this 3-month period.
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ACR-PC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.199%. 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). Acres Commercial Realty Corp. 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". The Acres Commercial Realty Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.87 and $24.64. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Acres Commercial Realty Corp. stock
Acres Commercial Realty Corp. finds support from accumulated volume at $24.25 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.282%. For the last week the stock has had daily average volatility of 0.461%.
Our recommended stop-loss: $24.19 (-2.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (ACR-PC) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Acres Commercial Realty Corp. to open at $24.90, and during the day (based on 14 day Average True Range), to move between $24.76 and $25.04, which gives a possible trading interval of +/-$0.137 (+/-0.55%) up or down from last closing price. If Acres Commercial Realty Corp. takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.91 (0.04%) than the support at $24.25 (2.61%), 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 Acres Commercial Realty Corp. stock A Buy?
Acres Commercial Realty Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.276 Hold/Accumulate Downgraded
Predicted Opening Price for Acres Commercial Realty Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $24.90 ( 0.0134%) | $24.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACR-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.97 | 0.268% |
| R2 | 24.94 | 0.160% |
| R1 | 24.92 | 0.0940% |
| Price | 24.90 | |
| S1 | 24.87 | -0.121% |
| S2 | 24.85 | -0.187% |
| S3 | 24.83 | -0.295% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.00 | 0.402% |
| R2 | 24.95 | 0.199% |
| R1 | 24.91 | 0.0402% |
| Price | 24.90 | |
| S1 | 24.25 | -2.61% |
| S2 | 24.05 | -3.41% |
| S3 | 23.45 | -5.82% |
ACR-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 30, 2024 | $0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 30, 2024 | $0.539 | 2.22% |
| 3 | Dec 29, 2023 | Dec 29, 2023 | Jan 30, 2024 | $0.539 | 2.26% |
| 4 | Sep 29, 2023 | Sep 29, 2023 | Oct 30, 2023 | $0.539 | 2.47% |
| 5 | Jun 30, 2023 | Jun 30, 2023 | Jul 31, 2023 | $0.539 | 2.39% |
FAQ
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