Aberforth Smaller Companies Trust plc Stock Forecast
Stronger technical forecast for Aberforth Smaller Companies Trust plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Aberforth Smaller Companies Trust plc stock price fell by -0.148% on the last day (Wednesday, 27th Mar 2024) from £1,350.00 to £1,348.00. During the last trading day the stock fluctuated 0.595% from a day low at £1,344.00 to a day high of £1,352.00. The price has fallen in 6 of the last 10 days and is down by -0.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -27 thousand shares and in total, 141 thousand shares were bought and sold for approximately £190.55 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £1,363.68 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Aberforth Smaller Companies Trust plc stock with a 90% probability to be traded between £1,256.08 and £1,352.50 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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ASL.L Signals & Forecast
The Aberforth Smaller Companies Trust plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £1,350.86. On a fall, the stock will find some support from the long-term average at approximately £1,322.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, March 08, 2024, and so far it has fallen -1.32%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-term chart.
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 Tuesday, January 23, 2024 in the short-term chart.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 Aberforth Smaller Companies Trust plc stock
Aberforth Smaller Companies Trust plc finds support from accumulated volume at £1,346.00 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 £8.00 between high and low, or 0.595%. For the last week the stock has had daily average volatility of 0.584%.
Our recommended stop-loss: £1,289.17 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ASL.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Aberforth Smaller Companies Trust plc to open at £1,348.00, and during the day (based on 14 day Average True Range), to move between £1,334.62 and £1,361.38, which gives a possible trading interval of +/-£13.38 (+/-0.99%) up or down from last closing price. If Aberforth Smaller Companies Trust plc takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,346.00 (0.15%) than the resistance at £1,352.00 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aberforth Smaller Companies Trust plc stock A Buy?
Aberforth Smaller Companies Trust plc 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: -0.704 Hold/Accumulate Upgraded
Predicted Opening Price for Aberforth Smaller Companies Trust plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£1,348.00 ( 0%) | £1,348.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,356.00 | 0.593 % | |
R2 | 1,352.94 | 0.367 % | ||
R1 | 1,351.06 | 0.227 % | ||
Current price: | 1,348.00 | |||
Support | S1 | 1,344.94 | -0.227 % | |
S2 | 1,343.06 | -0.367 % | ||
S3 | 1,340.00 | -0.593 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,366.00 | 1.34 % | |
R2 | 1,356.00 | 0.593 % | ||
R1 | 1,352.00 | 0.297 % | ||
Current price | 1,348.00 | |||
Support | S1 | 1,346.00 | -0.148% | |
S2 | 1,344.00 | -0.297% | ||
S3 | 1,280.00 | -5.04% |
ASL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 08, 2024 | Mar 08, 2024 | £37.55 | 2.75% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.130 | 0.0104% |
3 | Jan 27, 2023 | Feb 09, 2023 | Mar 08, 2023 | £8.30 | 0.631% |
4 | Jul 26, 2022 | Aug 04, 2022 | Aug 26, 2022 | £12.05 | 1.01% |
5 | Jan 28, 2022 | Feb 10, 2022 | Mar 08, 2022 | £24.25 | 2.01% |
FAQ
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