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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AFI.NZ
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Stronger technical forecast for Australian Foundation Investment Co Ltd stock price after Wednesday trading.
(Updated on Jun 26, 2024)

Hold candidate since Jun 26, 2024 PDF

The Australian Foundation Investment Co Ltd stock price gained 0.388% on the last trading day (Wednesday, 26th Jun 2024), rising from $7.73 to $7.76. During the last trading day the stock fluctuated 0.779% from a day low at $7.70 to a day high of $7.76. The price has been going up and down for this period, and there has been a 0.65% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $84.57 thousand.

The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.45% during the next 3 months and, with a 90% probability hold a price between $7.39 and $7.56 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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AFI.NZ Signals & Forecast

There are mixed signals in the stock today. The Australian Foundation Investment Co 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 $7.77 and $7.80. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.779%. 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). Australian Foundation Investment Co Ltd 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Australian Foundation Investment Co Ltd stock

Australian Foundation Investment Co Ltd finds support from accumulated volume at $7.74 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 $0.0600 between high and low, or 0.779%. For the last week the stock has had daily average volatility of 0.519%.

Our recommended stop-loss: $7.31 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (AFI.NZ) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Australian Foundation Investment Company Limited to open at $7.74, and during the day (based on 14 day Average True Range), to move between $7.71 and $7.81, which gives a possible trading interval of +/-$0.0510 (+/-0.66%) up or down from last closing price. If Australian Foundation Investment Company Limited takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.74 (0.26%) than the resistance at $7.82 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Australian Foundation Investment Company Limited stock A Buy?

Australian Foundation Investment Co Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.197 Hold/Accumulate Upgraded

Predicted Opening Price for Australian Foundation Investment Company Limited of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
$7.74 ( 0.258%) $7.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AFI.NZ

Fibonacci Support & Resistance Levels

Level Price
R3 7.80 0.515%
R2 7.78 0.220%
R1 7.76 0.0376%
Price 7.76
S1 7.72 -0.553%
S2 7.70 -0.736%
S3 7.68 -1.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 7.89 1.68%
R2 7.83 0.90%
R1 7.82 0.773%
Price 7.76
S1 7.74 -0.258%
S2 7.73 -0.387%
S3 7.70 -0.773%

AFI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Feb 02, 2024 Feb 26, 2024 $0.124 1.56%
2 Aug 11, 2023 Aug 11, 2023 Aug 11, 2023 $0.150 2.15%
3 Feb 02, 2023 Feb 02, 2023 Feb 02, 2023 $0.120 1.73%
4 Aug 10, 2022 Aug 10, 2022 Aug 10, 2022 $0.153 2.20%
5 Feb 09, 2022 Feb 09, 2022 Feb 09, 2022 $0.100 1.44%

FAQ

What is the symbol for Australian Foundation Investment Company Limited Stock and on which exchange is it traded?
The symbol for Australian Foundation Investment Company Limited is AFI.NZ and it is traded on the NZX (New Zealand Stock Exchange).

Should I buy or sell Australian Foundation Investment Company Limited Stock?
Australian Foundation Investment Co Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Australian Foundation Investment Company Limited Stock?
Australian Foundation Investment Company Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Australian Foundation Investment Company Limited Stock.

What's the current price of Australian Foundation Investment Company Limited Stock?
As of the end of day on the Jun 26, 2024, the price of an Australian Foundation Investment Company Limited (AFI.NZ) share was $7.76.

What is the 52-week high and low for Australian Foundation Investment Company Limited Stock?
The 52-week high for Australian Foundation Investment Company Limited Stock is $8.13 and the 52-week low is $6.94.

What is the market capitalization of Australian Foundation Investment Company Limited Stock?
As of the Jun 26, 2024, the market capitalization of Australian Foundation Investment Company Limited is 9.675B.

When is the next earnings date for Australian Foundation Investment Company Limited?
The upcoming earnings date for Australian Foundation Investment Company Limited is Jul 24, 2024.
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About Australian Foundation Investment Company Limited

Australian Foundation Investment Company Limited Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand. It invests in value stocks of companies. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. It invests in companies across diversified industries. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. The ... AFI.NZ Profile

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