A&W Revenue Royalties Income Fund Stock Forecast
Red day on Wednesday for A&W Revenue Royalties Income Fund
(Updated on May 08, 2024)
No changes to the price of A&W Revenue Royalties Income Fund stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0% from a day low at $29.62 to a day high of $29.62. The price has risen in 5 of the last 10 days and is up by 1.4% over the past 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $29.71 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.04% during the next 3 months and, with a 90% probability hold a price between $26.18 and $27.62 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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AW-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The A&W Revenue Royalties Income Fund 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 $29.70. On a fall, the stock will find some support from the short-term average at $29.53. 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. 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 A&W Revenue Royalties Income Fund stock
A&W Revenue Royalties Income Fund finds support from accumulated volume at $29.35 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 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 0.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AW-UN.TO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect A&W Revenue Royalties Income Fund to open at $29.62, and during the day (based on 14 day Average True Range), to move between $29.23 and $30.01, which gives a possible trading interval of +/-$0.394 (+/-1.33%) up or down from last closing price. If A&W Revenue Royalties Income Fund takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.87 (0.84%) than the support at $29.35 (0.91%), 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 A&W Revenue Royalties Income Fund stock A Buy?
A&W Revenue Royalties Income Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.988 Sell Candidate Unchanged
Predicted Opening Price for A&W Revenue Royalties Income Fund of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $29.62 ( 0%) | $29.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AW-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.62 | . | |
| R2 | 29.62 | . | ||
| R1 | 29.62 | . | ||
| Current price: | 29.62 | |||
| Support | S1 | 29.62 | . | |
| S2 | 29.62 | . | ||
| S3 | 29.62 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.16 | 1.82 % | |
| R2 | 30.01 | 1.32 % | ||
| R1 | 29.87 | 0.84 % | ||
| Current price | 29.62 | |||
| Support | S1 | 29.35 | -0.91% | |
| S2 | 29.10 | -1.77% | ||
| S3 | 29.05 | -1.92% |
AW-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.160 | 0.539% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
| 3 | Feb 15, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.160 | 0.514% |
| 4 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0 | 0% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 29, 2023 | $0 | 0% |
FAQ
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