Abrdn Emerging Markets Equity Income 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
Abrdn Emerging Markets Equity Income stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Abrdn Emerging Markets Equity Income stock price gained 0.563% on the last trading day (Friday, 17th May 2024), rising from $5.33 to $5.36. 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 1.05% from a day low at $5.33 to a day high of $5.39. The price has risen in 6 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 39 thousand shares were bought and sold for approximately $210.95 thousand. 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.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $5.29 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $5.71 sometime during the next 3 months.
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AEF Signals & Forecast
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 $5.29 and $5.08. 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 10.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $5.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0560 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 0.87%.
The Abrdn Emerging Markets Equity Income stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $5.09 (-4.88%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (AEF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Abrdn Emerging Markets Equity Income Fund Inc to open at $5.36, and during the day (based on 14 day Average True Range), to move between $5.30 and $5.41, which gives a possible trading interval of +/-$0.0540 (+/-1.01%) 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 2.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.21, some $0.145 (2.71%) from the current price of $5.36, our system finds the risk reward attractive.
Is Abrdn Emerging Markets Equity Income Fund Inc stock A Buy?
Abrdn Emerging Markets Equity Income 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Abrdn Emerging Markets Equity Income Fund Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $5.36 ( 0.0896%) | $5.36 |
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 | 5.42 | 1.14 % | |
| R2 | 5.39 | 0.736 % | ||
| R1 | 5.38 | 0.489 % | ||
| Current price: | 5.36 | |||
| Support | S1 | 5.34 | -0.310 % | |
| S2 | 5.33 | -0.557 % | ||
| S3 | 5.30 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.36 | |||
| Support | S1 | 5.21 | -2.71% | |
| S2 | 5.09 | -4.97% | ||
| S3 | 5.05 | -5.70% |
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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