Acacia Research Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Acacia Research Corporation stock price ended at $4.87 on Friday, after losing 0.409%.
(Updated on Apr 26, 2024)
The Acacia Research Corporation stock price fell by -0.409% on the last day (Friday, 26th Apr 2024) from $4.89 to $4.87. During the last trading day the stock fluctuated 1.23% from a day low at $4.86 to a day high of $4.92. The price has been going up and down for this period, and there has been a -2.99% loss for the last 2 weeks. Volume has increased on the last day by 23 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, 123 thousand shares were bought and sold for approximately $599.17 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.52% during the next 3 months and, with a 90% probability hold a price between $6.25 and $7.67 at the end of this 3-month period.
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ACTG Signals & Forecast
There are few to no technical positive signals at the moment. The Acacia Research Corporation 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 $4.91 and $4.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -9.31%. 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). Acacia Research Corporation 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 Acacia Research Corporation stock
Acacia Research Corporation finds support from accumulated volume at $4.65 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.89%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Acacia Research Corporation to open at $4.88, and during the day (based on 14 day Average True Range), to move between $4.74 and $5.00, which gives a possible trading interval of +/-$0.134 (+/-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 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.91 (0.82%) than the support at $4.65 (4.52%), 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 Acacia Research Corporation stock A Buy?
The Acacia Research Corporation stock holds several negative signals and despite the positive trend, we believe Acacia Research Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.428 Sell Candidate Unchanged
Predicted Opening Price for Acacia Research Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.88 ( 0.274%) | $4.87 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 4.94 | 1.51 % | |
R2 | 4.92 | 1.04 % | ||
R1 | 4.91 | 0.744 % | ||
Current price: | 4.87 | |||
Support | S1 | 4.86 | -0.197 % | |
S2 | 4.85 | -0.488 % | ||
S3 | 4.82 | -0.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.17 | 6.16 % | |
R2 | 5.05 | 3.70 % | ||
R1 | 4.91 | 0.82 % | ||
Current price | 4.87 | |||
Support | S1 | 4.65 | -4.52% | |
S2 | 4.32 | -11.29% | ||
S3 | 4.26 | -12.53% |
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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