Austin Engineering Limited 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
Red day on Friday for Austin Engineering Limited stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Austin Engineering Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.04% from a day low at $0.490 to a day high of $0.500. The price has risen in 4 of the last 10 days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.21% during the next 3 months and, with a 90% probability hold a price between $0.635 and $0.686 at the end of this 3-month period.
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ANG.AX Signals & Forecast
The Austin Engineering Limited 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 $0.494 and $0.481. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Austin Engineering Limited stock
Austin Engineering Limited finds support from accumulated volume at $0.480 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $0.479 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ANG.AX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Austin Engineering Limited to open at $0.497, and during the day (based on 14 day Average True Range), to move between $0.481 and $0.519, which gives a possible trading interval of +/-$0.0192 (+/-3.84%) up or down from last closing price. If Austin Engineering Limited takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.505 (1.00%) than the support at $0.480 (4.00%), 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 Austin Engineering Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Austin Engineering Limited stock to perform well in the short-term.
Current score: 2.679 Buy Candidate Unchanged
Predicted Opening Price for Austin Engineering Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.497 ( 0.667%) | $0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.507 | 1.33 % | |
| R2 | 0.503 | 0.569 % | ||
| R1 | 0.500 | 0.0973 % | ||
| Current price: | 0.500 | |||
| Support | S1 | 0.493 | -1.43 % | |
| S2 | 0.490 | -1.90 % | ||
| S3 | 0.487 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.505 | 1.00 % | ||
| Current price | 0.500 | |||
| Support | S1 | 0.480 | -4.00% | |
| S2 | 0.465 | -7.00% | ||
| S3 | 0.445 | -11.00% |
ANG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 08, 2024 | $0.0040 | 0.83% |
| 2 | Oct 06, 2022 | Oct 06, 2022 | Oct 06, 2022 | $0.0030 | 0.88% |
| 3 | Mar 14, 2022 | Mar 14, 2022 | Mar 14, 2022 | $0.0020 | 0.714% |
| 4 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | $0.0030 | 1.46% |
| 5 | Mar 15, 2021 | Mar 15, 2021 | Mar 15, 2021 | $0.0020 | 1.33% |
FAQ
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