Acrux Limited Stock Forecast
Acrux Limited stock price up 1.61% on Friday
(Updated on May 17, 2024)
The Acrux Limited stock price gained 1.61% on the last trading day (Friday, 17th May 2024), rising from $0.0620 to $0.0630. During the last trading day the stock fluctuated 0% from a day low at $0.0630 to a day high of $0.0630. The price has risen in 4 of the last 10 days but is still down by -3.08% for this period. Volume fell on the last day by -1 million shares and in total, 12 thousand shares were bought and sold for approximately $774.21 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.74% during the next 3 months and, with a 90% probability hold a price between $0.0616 and $0.0900 at the end of this 3-month period.
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ACR.AX Signals & Forecast
The Acrux Limited 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 $0.0621 and $0.0617. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -8.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Acrux Limited stock
Acrux Limited finds support from accumulated volume at $0.0620 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, but be aware of low or falling volume as this increases the risk. 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 3.28%.
Our recommended stop-loss: $0.0601 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ACR.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Acrux Limited to open at $0.0630, and during the day (based on 14 day Average True Range), to move between $0.0599 and $0.0661, which gives a possible trading interval of +/-$0.0031 (+/-4.99%) up or down from last closing price. If Acrux Limited takes out the full calculated possible swing range there will be an estimated 9.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0640 (1.59%) than the support at $0.0620 (1.59%), 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 Acrux Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Acrux Limited stock to perform well in the short-term.
Current score: 2.794 Buy Candidate Unchanged
Predicted Opening Price for Acrux Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$0.0630 ( 0%) | $0.0630 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACR.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0630 | . | |
R2 | 0.0630 | . | ||
R1 | 0.0630 | . | ||
Current price: | 0.0630 | |||
Support | S1 | 0.0630 | . | |
S2 | 0.0630 | . | ||
S3 | 0.0630 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0720 | 14.29 % | |
R2 | 0.0690 | 9.52 % | ||
R1 | 0.0640 | 1.59 % | ||
Current price | 0.0630 | |||
Support | S1 | 0.0620 | -1.59% | |
S2 | 0.0610 | -3.17% | ||
S3 | 0.0570 | -9.52% |
ACR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 13, 2015 | Aug 18, 2015 | Sep 03, 2015 | $0.0600 | 9.76% |
2 | Aug 21, 2014 | Sep 04, 2014 | Sep 22, 2014 | $0.0800 | 6.40% |
3 | Feb 20, 2014 | Feb 25, 2014 | Mar 20, 2014 | $0.120 | 6.84% |
4 | Aug 27, 2013 | Sep 03, 2013 | Sep 23, 2013 | $0.0800 | 2.48% |
5 | Aug 23, 2012 | Sep 04, 2012 | Sep 24, 2012 | $0.0800 | 2.41% |
FAQ
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