Abrdn Emerging Markets Equity Income Stock Forecast
Green day on Friday for Abrdn Emerging Markets Equity Income stock after gaining 0.387%
(Updated on May 03, 2024)
The Abrdn Emerging Markets Equity Income stock price gained 0.387% on the last trading day (Friday, 3rd May 2024), rising from $5.17 to $5.19. It has now gained 3 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 0.193% from a day low at $5.19 to a day high of $5.20. The price has risen in 8 of the last 10 days and is up by 7.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $167.90 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5.21 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Abrdn Emerging Markets Equity Income stock with a 90% probability to be traded between $4.82 and $5.18 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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AEF Signals & Forecast
Mostly positive signals in the chart today. The Abrdn Emerging Markets Equity Income 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 $5.07 and $5.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.01%. 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). Abrdn Emerging Markets Equity Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Abrdn Emerging Markets Equity Income stock
Abrdn Emerging Markets Equity Income finds support from accumulated volume at $5.09 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 $0.0100 between high and low, or 0.193%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: $4.97 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AEF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Abrdn Emerging Markets Equity Income Fund Inc to open at $5.19, and during the day (based on 14 day Average True Range), to move between $5.13 and $5.25, which gives a possible trading interval of +/-$0.0623 (+/-1.20%) up or down from last closing price. If Abrdn Emerging Markets Equity Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.23 (0.67%) than the support at $5.09 (1.95%), 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 Abrdn Emerging Markets Equity Income Fund Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Abrdn Emerging Markets Equity Income stock to perform well in the short-term period.
Current score: 1.732 Buy Candidate Unchanged
Predicted Opening Price for Abrdn Emerging Markets Equity Income Fund Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.19 ( 0.0642%) | $5.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.20 | 0.257 % | |
| R2 | 5.20 | 0.183 % | ||
| R1 | 5.20 | 0.138 % | ||
| Current price: | 5.19 | |||
| Support | S1 | 5.19 | -0.0094 % | |
| S2 | 5.19 | -0.0548 % | ||
| S3 | 5.18 | -0.128 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 5.23 | 0.674 % | ||
| Current price | 5.19 | |||
| Support | S1 | 5.09 | -1.95% | |
| S2 | 5.05 | -2.70% | ||
| S3 | 5.03 | -3.18% |
AEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0900 | 1.78% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.0900 | 1.81% |
| 3 | Sep 12, 2023 | Sep 21, 2023 | Sep 29, 2023 | $0.100 | 2.10% |
| 4 | Jun 09, 2023 | Jun 22, 2023 | Jun 30, 2023 | $0.100 | 1.93% |
| 5 | Mar 09, 2023 | Mar 23, 2023 | Mar 31, 2023 | $0.100 | 1.87% |
FAQ
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