Ascendis Health Limited Stock Forecast
Ascendis Health Limited stock price ended at $80.00 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of Ascendis Health Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.56% from a day low at $78.00 to a day high of $80.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ascendis Health Limited stock with a 90% probability to be traded between $78.93 and $82.75 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.
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ASC.JO Signals & Forecast
The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ascendis Health Limited 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 $80.00 and $80.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should fall by -3.75% to $77.00 within 12 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Ascendis Health Limited stock
Ascendis Health Limited finds support from accumulated volume at $79.00 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 $2.00 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASC.JO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ascendis Health Limited to open at $79.33, and during the day (based on 14 day Average True Range), to move between $77.96 and $82.04, which gives a possible trading interval of +/-$2.04 (+/-2.55%) up or down from last closing price. If Ascendis Health Limited takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $81.00 (1.25%) than the support at $79.00 (1.25%), 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 Ascendis Health Limited stock A Buy?
Ascendis Health Limited holds several negative signals and is within a narrow and 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.
Current score: -1.745 Sell Candidate Unchanged
Predicted Opening Price for Ascendis Health Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $79.33 ( 0.83%) | $80.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASC.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.33 | 1.67 % | |
| R2 | 80.57 | 0.712 % | ||
| R1 | 80.10 | 0.122 % | ||
| Current price: | 80.00 | |||
| Support | S1 | 78.57 | -1.79 % | |
| S2 | 78.10 | -2.38 % | ||
| S3 | 77.33 | -3.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 81.00 | 1.25 % | ||
| Current price | 80.00 | |||
| Support | S1 | 79.00 | -1.25% | |
| S2 | 78.00 | -2.50% | ||
| S3 | 0 | . |
ASC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2017 | May 10, 2017 | May 10, 2017 | $10.87 | 0.439% |
| 2 | Nov 30, 2016 | Nov 30, 2016 | Nov 30, 2016 | $11.85 | 0.490% |
| 3 | May 09, 2016 | May 09, 2016 | May 09, 2016 | $9.26 | 0.423% |
| 4 | Nov 30, 2015 | Nov 30, 2015 | Nov 30, 2015 | $10.73 | 0.587% |
| 5 | May 11, 2015 | May 11, 2015 | May 11, 2015 | $7.80 | 0.539% |
FAQ
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