Frasers Hospitality Trust Stock Forecast
Frasers Hospitality Trust stock price ended at S$0.445 on Friday, after losing 1.11%.
(Updated on May 17, 2024)
The Frasers Hospitality Trust stock price fell by -1.11% on the last day (Friday, 17th May 2024) from S$0.450 to S$0.445. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.12% from a day low at S$0.445 to a day high of S$0.450. The price has been going up and down for this period, and there has been a -3.26% loss for the last 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 -580 thousand shares and in total, 242 thousand shares were bought and sold for approximately S$107.51 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately S$0.453 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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ACV.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Frasers Hospitality Trust 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 S$0.454 and S$0.460. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -4.30%. 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). 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.
A sell signal from a double top formation was found on Thursday, May 02, 2024 with a target of S$0.459. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Frasers Hospitality Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved S$0.0050 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.11%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACV.SI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Frasers Hospitality Trust to open at S$0.447, and during the day (based on 14 day Average True Range), to move between S$0.439 and S$0.451, which gives a possible trading interval of +/-S$0.0056 (+/-1.26%) up or down from last closing price. If Frasers Hospitality Trust takes out the full calculated possible swing range there will be an estimated 2.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.455, some S$0.0100 (2.25%) from the current price of S$0.445, our system finds the risk reward not very attractive.
Is Frasers Hospitality Trust stock A Buy?
Frasers Hospitality Trust holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.758 Sell Candidate Unchanged
Predicted Opening Price for Frasers Hospitality Trust of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| S$0.447 ( 0.375%) | S$0.445 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACV.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.452 | 1.50 % | |
| R2 | 0.450 | 1.07 % | ||
| R1 | 0.449 | 0.80 % | ||
| Current price: | 0.445 | |||
| Support | S1 | 0.445 | -0.0547 % | |
| S2 | 0.444 | -0.320 % | ||
| S3 | 0.442 | -0.749 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.465 | 4.49 % | |
| R2 | 0.460 | 3.37 % | ||
| R1 | 0.455 | 2.25 % | ||
| Current price | 0.445 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ACV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 28, 2024 | S$0.0109 | 2.42% |
| 2 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | S$0.0118 | 2.33% |
| 3 | May 08, 2023 | May 08, 2023 | May 08, 2023 | S$0.0126 | 2.66% |
| 4 | Nov 11, 2022 | Nov 11, 2022 | Nov 11, 2022 | S$0.0093 | 2.12% |
| 5 | May 10, 2022 | May 10, 2022 | May 10, 2022 | S$0.0070 | 1.08% |
FAQ
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