RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ACU
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Red day on Wednesday for Acme United Corp stock after losing 0.367%
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Loss -0.37% PDF

The Acme United Corp stock price fell by -0.367% on the last day (Wednesday, 27th Mar 2024) from $46.29 to $46.12. During the last trading day the stock fluctuated 6.11% from a day low at $44.08 to a day high of $46.77. The price has risen in 8 of the last 10 days and is up by 18.2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 21 thousand shares were bought and sold for approximately $970.37 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.46% during the next 3 months and, with a 90% probability hold a price between $35.12 and $45.40 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ACU Signals & Forecast

The Acme United Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $43.38 and $44.66. 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, March 26, 2024, and so far it has fallen -0.367%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, February 23, 2024 and based on theory for this formation the price should fall by -3.90% to $44.32 within 21 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Acme United Corp stock

Acme United Corp finds support from accumulated volume at $44.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $2.70 between high and low, or 6.11%. For the last week the stock has had daily average volatility of 5.24%.

Our recommended stop-loss: $44.42 (-3.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ACU) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Acme United Corp to open at $45.66, and during the day (based on 14 day Average True Range), to move between $43.85 and $48.39, which gives a possible trading interval of +/-$2.27 (+/-4.93%) up or down from last closing price. If Acme United Corp takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $44.16 (4.25%) than the resistance at $48.58 (5.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Acme United Corp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.041 Buy Candidate Unchanged

Predicted Opening Price for Acme United Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$45.66 ( 1.01%) $46.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ACU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.35 4.84 %
R2 47.32 2.60 %
R1 46.68 1.22 %
Current price: 46.12
Support S1 44.63 -3.24 %
S2 43.99 -4.62 %
S3 42.96 -6.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.00 8.41 %
R2 48.79 5.79 %
R1 48.58 5.33 %
Current price 46.12
Support S1 44.16 -4.25%
S2 43.07 -6.61%
S3 39.82 -13.66%

ACU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 19, 2024 $0.150 0.325%
2 Dec 13, 2023 Jan 04, 2024 Jan 26, 2024 $0.150 0.316%
3 Sep 20, 2023 Oct 03, 2023 Oct 24, 2023 $0.140 0.467%
4 Jun 15, 2023 Jun 30, 2023 Jul 24, 2023 $0.140 0.534%
5 Mar 17, 2023 Mar 30, 2023 Jul 24, 2023 $0.140 0.534%

FAQ

What is the symbol for Acme United Corp Stock and on which exchange is it traded?
The symbol for Acme United Corp is ACU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Acme United Corp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Acme United Corp Stock?
Acme United Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Acme United Corp Stock.

What's the current price of Acme United Corp Stock?
As of the end of day on the 2024-03-27, the price of an Acme United Corp (ACU) share was $46.12.

What is the 52-week high and low for Acme United Corp Stock?
The 52-week high for Acme United Corp Stock is $50.99 and the 52-week low is $22.53.

What is the market capitalization of Acme United Corp Stock?
As of the 2024-03-27, the market capitalization of Acme United Corp is 168.117M.

When is the next earnings date for Acme United Corp?
The upcoming earnings date for Acme United Corp is Apr 19, 2024.
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About Acme United Corp

Acme United Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under... ACU Profile

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