Aspen Group Ltd. Stock Forecast
Aspen Group Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Aspen Group Ltd. stock price gained 0.0895% on the last trading day (Thursday, 27th Jun 2024), rising from ₪558.50 to ₪559.00. It has now gained 4 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 0.107% from a day low at ₪558.50 to a day high of ₪559.10. The price has risen in 5 of the last 10 days and is up by 0.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 316 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately ₪744.03 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₪559.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.41% during the next 3 months and, with a 90% probability hold a price between ₪409.68 and ₪433.91 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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ASGR.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.16%. 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). Aspen Group 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aspen Group Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₪584.97. On a fall, the stock will find some support from the short-term average at ₪550.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Aspen Group Ltd. stock
Aspen Group Ltd. finds support from accumulated volume at ₪557.00 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 ₪0.600 between high and low, or 0.107%. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASGR.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Aspen Group Ltd. to open at ₪558.87, and during the day (based on 14 day Average True Range), to move between ₪547.45 and ₪570.55, which gives a possible trading interval of +/-₪11.55 (+/-2.07%) up or down from last closing price. If Aspen Group Ltd. takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪557.00 (0.36%) than the resistance at ₪598.80 (7.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aspen Group Ltd. will release earnings BMO on Tuesday, July 02, 2024. We will update the financials statements for Aspen Group Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.26% in the first trading day after earnings release.
Is Aspen Group Ltd. stock A Buy?
Aspen Group Ltd. holds several negative signals and we believe that 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: -1.785 Sell Candidate Downgraded
Predicted Opening Price for Aspen Group Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪558.87 ( 0.0239%) | ₪559.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASGR.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 559.47 | 0.0835% |
| R2 | 559.24 | 0.0425% |
| R1 | 559.10 | 0.0171% |
| Price | 559.00 | |
| S1 | 558.64 | -0.0649% |
| S2 | 558.50 | -0.0902% |
| S3 | 558.27 | -0.131% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 666.70 | 19.27% |
| R2 | 645.10 | 15.40% |
| R1 | 598.80 | 7.12% |
| Price | 559.00 | |
| S1 | 557.00 | -0.358% |
| S2 | 555.80 | -0.572% |
| S3 | 554.50 | -0.81% |
ASGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | May 01, 2024 | ₪9.90 | 1.49% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 28, 2023 | ₪10.17 | 1.52% |
| 3 | Sep 10, 2023 | Sep 10, 2023 | Sep 26, 2023 | ₪10.17 | 1.49% |
| 4 | Jun 06, 2023 | Jun 06, 2023 | Jul 04, 2023 | ₪10.09 | 1.40% |
| 5 | Mar 29, 2023 | Mar 29, 2023 | Apr 27, 2023 | ₪10.02 | 1.56% |
FAQ
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