Aberdeen Diversified Income And Growth 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
Aberdeen Diversified Income And Growth stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The Aberdeen Diversified Income And Growth stock price gained 0.130% on the last trading day (Thursday, 2nd May 2024), rising from £76.70 to £76.80. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.522% from a day low at £76.60 to a day high of £77.00. The price has risen in 9 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume fell on the last day by -192 thousand shares and in total, 295 thousand shares were bought and sold for approximately £22.64 million. 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.
Given the current short-term trend, the stock is expected to fall -4.96% during the next 3 months and, with a 90% probability hold a price between £66.48 and £72.99 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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ADIG.L Signals & Forecast
The Aberdeen Diversified Income And Growth 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 £76.19 and £73.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 7.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Aberdeen Diversified Income And Growth stock
Aberdeen Diversified Income And Growth finds support from accumulated volume at £76.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0.400 between high and low, or 0.522%. For the last week the stock has had daily average volatility of 1.38%.
The Aberdeen Diversified Income And Growth stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: £73.27 (-4.60%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (ADIG.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Aberdeen Diversified Income And Growth Trust Plc to open at £76.80, and during the day (based on 14 day Average True Range), to move between £75.32 and £78.28, which gives a possible trading interval of +/-£1.48 (+/-1.92%) up or down from last closing price. If Aberdeen Diversified Income And Growth Trust Plc takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £77.00 (0.26%) than the support at £76.50 (0.39%), 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 Aberdeen Diversified Income And Growth Trust Plc stock A Buy?
Aberdeen Diversified Income And Growth holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.004 Hold/Accumulate Downgraded
Predicted Opening Price for Aberdeen Diversified Income And Growth Trust Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £76.80 ( 0%) | £76.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADIG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.20 | 0.521 % | |
| R2 | 77.05 | 0.322 % | ||
| R1 | 76.95 | 0.199 % | ||
| Current price: | 76.80 | |||
| Support | S1 | 76.65 | -0.199 % | |
| S2 | 76.55 | -0.322 % | ||
| S3 | 76.40 | -0.521 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.00 | 4.17 % | |
| R2 | 77.40 | 0.781 % | ||
| R1 | 77.00 | 0.260 % | ||
| Current price | 76.80 | |||
| Support | S1 | 76.50 | -0.391% | |
| S2 | 76.40 | -0.521% | ||
| S3 | 72.20 | -5.99% |
ADIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 27, 2024 | £1.42 | 1.98% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £1.42 | 1.74% |
| 3 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £0 | 0% |
| 4 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £1.42 | 1.66% |
| 5 | Mar 02, 2023 | Mar 09, 2023 | Apr 03, 2023 | £1.42 | 1.72% |
FAQ
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