Advanced Semiconductor Engineering Inc Stock Forecast
Red day on Thursday for Advanced Semiconductor Engineering Inc stock after losing 2.12%
(Updated on Apr 25, 2024)
The Advanced Semiconductor Engineering Inc stock price fell by -2.12% on the last day (Thursday, 25th Apr 2024) from $10.37 to $10.15. During the last trading day the stock fluctuated 3.64% from a day low at $9.90 to a day high of $10.26. The price has fallen in 7 of the last 10 days and is down by -9.46% for this period. Volume has increased on the last day by 405 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $65.50 million.
Given the current short-term trend, the stock is expected to rise 16.97% during the next 3 months and, with a 90% probability hold a price between $11.87 and $14.82 at the end of this 3-month period.
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ASX Signals & Forecast
There are few to no technical positive signals at the moment. The Advanced Semiconductor Engineering Inc 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 $10.29 and $10.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -12.95%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Advanced Semiconductor Engineering Inc stock
Advanced Semiconductor Engineering Inc finds support from accumulated volume at $9.94 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 $0.360 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Advanced Semiconductor Engineering Inc to open at $10.10, and during the day (based on 14 day Average True Range), to move between $9.85 and $10.45, which gives a possible trading interval of +/-$0.298 (+/-2.94%) up or down from last closing price. If Advanced Semiconductor Engineering Inc takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.94 (2.07%) than the resistance at $10.98 (8.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Semiconductor Engineering Inc stock A Buy?
The Advanced Semiconductor Engineering Inc stock holds several negative signals and despite the positive trend, we believe Advanced Semiconductor Engineering Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.877 Sell Candidate Unchanged
Predicted Opening Price for Advanced Semiconductor Engineering Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.10 ( 0.460%) | $10.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.46 | 3.09 % | |
| R2 | 10.33 | 1.73 % | ||
| R1 | 10.24 | 0.90 % | ||
| Current price: | 10.15 | |||
| Support | S1 | 9.97 | -1.81 % | |
| S2 | 9.88 | -2.65 % | ||
| S3 | 9.74 | -4.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.22 | 10.54 % | |
| R2 | 10.99 | 8.28 % | ||
| R1 | 10.98 | 8.18 % | ||
| Current price | 10.15 | |||
| Support | S1 | 9.94 | -2.07% | |
| S2 | 9.91 | -2.36% | ||
| S3 | 9.35 | -7.88% |
ASX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | Jun 30, 2023 | Aug 03, 2023 | $0.571 | 7.49% |
| 2 | Jun 07, 2022 | Jun 29, 2022 | Aug 04, 2022 | $0.479 | 7.96% |
| 3 | Aug 16, 2021 | Sep 03, 2021 | Aug 04, 2022 | $0.302 | 5.02% |
| 4 | Jul 30, 2020 | Aug 13, 2020 | Sep 17, 2020 | $0.136 | 3.20% |
| 5 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | $0.164 | 3.35% |
FAQ
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