Acacia Research Corporation Stock Forecast
Acacia Research Corporation stock price up 1.81% on Tuesday
(Updated on Jul 02, 2024)
The Acacia Research Corporation stock price gained 1.81% on the last trading day (Tuesday, 2nd Jul 2024), rising from $4.98 to $5.07. During the last trading day the stock fluctuated 3.02% from a day low at $4.96 to a day high of $5.11. The price has fallen in 6 of the last 10 days and is down by -0.59% for this period. Volume fell on the last day by -32 thousand shares and in total, 121 thousand shares were bought and sold for approximately $611.39 thousand. 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 wide and weak 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 2.57% during the next 3 months and, with a 90% probability hold a price between $5.01 and $5.89 at the end of this 3-month period.
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ACTG Signals & Forecast
There are mixed signals in the stock today. The Acacia Research Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.28. On a fall, the stock will find some support from the short-term average at $4.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.89%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Acacia Research Corporation stock
Acacia Research Corporation finds support from accumulated volume at $5.01 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 $0.150 between high and low, or 3.02%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACTG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Acacia Research Corporation to open at $5.05, and during the day (based on 14 day Average True Range), to move between $4.93 and $5.21, which gives a possible trading interval of +/-$0.139 (+/-2.75%) up or down from last closing price. If Acacia Research Corporation takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.01 (1.18%) than the resistance at $5.30 (4.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acacia Research Corporation stock A Buy?
Acacia Research Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.230 Sell Candidate Unchanged
Predicted Opening Price for Acacia Research Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.05 ( 0.460%) | $5.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACTG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.20 | 2.50% |
| R2 | 5.14 | 1.37% |
| R1 | 5.10 | 0.670% |
| Price | 5.07 | |
| S1 | 4.99 | -1.59% |
| S2 | 4.95 | -2.29% |
| S3 | 4.90 | -3.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.68 | 12.03% |
| R2 | 5.52 | 8.88% |
| R1 | 5.30 | 4.54% |
| Price | 5.07 | |
| S1 | 5.01 | -1.18% |
| S2 | 5.00 | -1.38% |
| S3 | 4.93 | -2.76% |
ACTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 22, 2015 | Nov 04, 2015 | Nov 30, 2015 | $0.125 | 2.12% |
| 2 | Jul 23, 2015 | Aug 03, 2015 | Aug 31, 2015 | $0.125 | 1.31% |
| 3 | Apr 23, 2015 | Apr 30, 2015 | May 29, 2015 | $0.125 | 1.22% |
| 4 | Feb 19, 2015 | Feb 26, 2015 | Mar 30, 2015 | $0.125 | 1.21% |
| 5 | Oct 22, 2014 | Oct 30, 2014 | Nov 28, 2014 | $0.125 | 0.657% |
FAQ
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