Australian Ethical Investment Ltd. Stock Forecast
Australian Ethical Investment Ltd. stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The Australian Ethical Investment Ltd. stock price fell by -3.40% on the last day (Friday, 19th Apr 2024) from $4.71 to $4.55. During the last trading day the stock fluctuated 9.84% from a day low at $4.37 to a day high of $4.80. The price has been going up and down for this period, and there has been a -5.41% loss for the last 2 weeks. Volume has increased on the last day by 71 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, 199 thousand shares were bought and sold for approximately $905.10 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.54% during the next 3 months and, with a 90% probability hold a price between $3.90 and $4.28 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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AEF.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Australian Ethical Investment Ltd. 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 $4.72 and $4.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Australian Ethical Investment Ltd. 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 Australian Ethical Investment Ltd. 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.
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 $0.430 between high and low, or 9.84%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEF.AX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Australian Ethical Investment Ltd. to open at $4.57, and during the day (based on 14 day Average True Range), to move between $4.34 and $4.76, which gives a possible trading interval of +/-$0.209 (+/-4.60%) up or down from last closing price. If Australian Ethical Investment Ltd. takes out the full calculated possible swing range there will be an estimated 9.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.83, some $0.280 (6.15%) from the current price of $4.55, our system finds the risk reward not very attractive.
Is Australian Ethical Investment Ltd. stock A Buy?
Australian Ethical Investment Ltd. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.367 Sell Candidate Downgraded
Predicted Opening Price for Australian Ethical Investment Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.57 ( 0.513%) | $4.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEF.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.00 | 9.96 % | |
| R2 | 4.84 | 6.35 % | ||
| R1 | 4.74 | 4.12 % | ||
| Current price: | 4.55 | |||
| Support | S1 | 4.41 | -3.10 % | |
| S2 | 4.31 | -5.33 % | ||
| S3 | 4.14 | -8.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.35 | 17.58 % | |
| R2 | 4.90 | 7.69 % | ||
| R1 | 4.83 | 6.15 % | ||
| Current price | 4.55 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 04, 2024 | Mar 20, 2024 | $0.0300 | 0.640% |
| 2 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | $0.0200 | 0.552% |
| 3 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | $0.0300 | 0.463% |
| 4 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | $0.0300 | 0.428% |
| 5 | Sep 01, 2021 | Sep 01, 2021 | Sep 01, 2021 | $0.0100 | 0.0978% |
FAQ
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