Abrdn Uk Smaller Companies Growth Trust Stock Forecast
Abrdn Uk Smaller Companies Growth Trust stock price down 0.611% on Wednesday
(Updated on Jun 26, 2024)
The Abrdn Uk Smaller Companies Growth Trust stock price fell by -0.611% on the last day (Wednesday, 26th Jun 2024) from £491.00 to £488.00. During the last trading day the stock fluctuated 0.82% from a day low at £487.00 to a day high of £491.00. The price has fallen in 5 of the last 10 days and is down by -1.51% 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 -66 thousand shares and in total, 78 thousand shares were bought and sold for approximately £38.21 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £487.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.40% during the next 3 months and, with a 90% probability hold a price between £553.14 and £593.89 at the end of this 3-month period.
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AUSC.L Signals & Forecast
There are few to no technical positive signals at the moment. The Abrdn Uk Smaller Companies Growth Trust 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 £488.07 and £494.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.94%. 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.
Support, Risk & Stop-loss for Abrdn Uk Smaller Companies Growth Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at £449.00 and £448.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Abrdn Uk Smaller Companies Growth Trust finds support just below today's level at £449.00. If this is broken, then the next support from accumulated volume will be at £448.00 and £443.00.
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 £4.00 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUSC.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Abrdn Uk Smaller Companies Growth Trust Plc to open at £488.67, and during the day (based on 14 day Average True Range), to move between £481.29 and £494.71, which gives a possible trading interval of +/-£6.71 (+/-1.38%) up or down from last closing price. If Abrdn Uk Smaller Companies Growth Trust Plc takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £488.50 (0.10%) than the support at £449.00 (7.99%), 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 Abrdn Uk Smaller Companies Growth Trust Plc stock A Buy?
The Abrdn Uk Smaller Companies Growth Trust stock holds several negative signals and despite the positive trend, we believe Abrdn Uk Smaller Companies Growth Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.003 Sell Candidate Unchanged
Predicted Opening Price for Abrdn Uk Smaller Companies Growth Trust Plc of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £488.67 ( 0.137%) | £488.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUSC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 492.67 | 0.96% |
| R2 | 491.14 | 0.643% |
| R1 | 490.19 | 0.450% |
| Price | 488.00 | |
| S1 | 487.14 | -0.177% |
| S2 | 486.19 | -0.370% |
| S3 | 484.67 | -0.683% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 501.00 | 2.66% |
| R2 | 491.00 | 0.615% |
| R1 | 488.50 | 0.102% |
| Price | 488.00 | |
| S1 | 449.00 | -7.99% |
| S2 | 448.00 | -8.20% |
| S3 | 443.00 | -9.22% |
AUSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 12, 2024 | £3.70 | 0.81% |
| 2 | Nov 02, 2023 | Nov 02, 2023 | Nov 30, 2023 | £8.00 | 1.96% |
| 3 | Mar 02, 2023 | Mar 16, 2023 | Apr 14, 2023 | £3.00 | 0.693% |
| 4 | Sep 08, 2022 | Oct 06, 2022 | Oct 28, 2022 | £5.40 | 1.29% |
| 5 | Mar 10, 2022 | Mar 10, 2022 | Apr 08, 2022 | £2.70 | 0.452% |
FAQ
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