Aspermont Limited Stock Forecast
Aspermont Limited stock upgraded to Hold/Accumulate.
(Updated on May 22, 2024)
No changes to the price of Aspermont Limited stock on the last trading day (Wednesday, 22nd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0110 to a day high of $0.0110. The price has been going up and down for this period, and there has been a 10% gain for the last 2 weeks.
The stock lies in the middle of a very wide and 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 10.69% during the next 3 months and, with a 90% probability hold a price between $0.0081 and $0.0223 at the end of this 3-month period.
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ASP.AX Signals & Forecast
There are mixed signals in the stock today. The Aspermont Limited 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 $0.0121. On a fall, the stock will find some support from the short-term average at $0.0100. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aspermont Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0100 and $0.0090. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0090 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%
Our recommended stop-loss: $0.0105 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ASP.AX) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Aspermont Limited to open at $0.0110, and during the day (based on 14 day Average True Range), to move between $0.0105 and $0.0115, which gives a possible trading interval of +/-$0.0005 (+/-4.10%) up or down from last closing price. If Aspermont Limited takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0100 (9.09%) than the resistance at $0.0120 (9.09%), 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
Aspermont Limited will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for Aspermont Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.794% in the first trading day after earnings release.
Is Aspermont Limited stock A Buy?
Aspermont Limited 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Aspermont Limited of Thursday, May 23, 2024
Fair opening price May 23, 2024 | Current price |
---|---|
$0.0110 ( 0.00000000%) | $0.0110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASP.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0110 | 0.00000000 % | |
R2 | 0.0110 | 0.00000000 % | ||
R1 | 0.0110 | 0.00000000 % | ||
Current price: | 0.0110 | |||
Support | S1 | 0.0110 | 0.00000000 % | |
S2 | 0.0110 | 0.00000000 % | ||
S3 | 0.0110 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0130 | 18.18 % | ||
R1 | 0.0120 | 9.09 % | ||
Current price | 0.0110 | |||
Support | S1 | 0.0100 | -9.09% | |
S2 | 0.0090 | -18.18% | ||
S3 | 0 | . |
ASP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 01, 2008 | Oct 20, 2008 | Jan 30, 2009 | $0.0008 | 0.466% |
2 | Aug 31, 2007 | Oct 18, 2007 | Jan 31, 2008 | $0.0008 | 0.261% |
3 | Sep 13, 2006 | Oct 18, 2006 | Jan 31, 2007 | $0.0006 | 0.304% |
4 | Sep 12, 2000 | Sep 15, 2000 | Nov 24, 2000 | $0.0012 | 1.94% |
FAQ
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