Aspermont 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 Aspermont Limited
(Updated on Jun 14, 2024)
No changes to the price of Aspermont Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0100 to a day high of $0.0100. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -33.50% during the next 3 months and, with a 90% probability hold a price between $0.0044 and $0.0089 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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ASP.AX Signals & Forecast
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. The Aspermont 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 $0.0100 and $0.0109. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -16.67%. 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).
Support, Risk & Stop-loss for Aspermont Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0090. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". 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 2.22%.
Our recommended stop-loss: $0.0094 (-6.24%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ASP.AX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Aspermont Limited to open at $0.0100, and during the day (based on 14 day Average True Range), to move between $0.0095 and $0.0105, which gives a possible trading interval of +/-$0.0005 (+/-5.36%) up or down from last closing price. If Aspermont Limited takes out the full calculated possible swing range there will be an estimated 10.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0110 (10.00%) than the support at $0.0090 (10.00%), 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 Aspermont Limited stock A Buy?
Aspermont Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0100 ( 0%) | $0.0100 |
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 | |
|---|---|---|
| R3 | 0.0100 | - |
| R2 | 0.0100 | - |
| R1 | 0.0100 | - |
| Price | 0.0100 | |
| S1 | 0.0100 | - |
| S2 | 0.0100 | - |
| S3 | 0.0100 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0120 | 20.00% |
| R1 | 0.0110 | 10.00% |
| Price | 0.0100 | |
| S1 | 0.0090 | -10.00% |
| S2 | 0 | - |
| 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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