Ascendas India Trust Stock Forecast
Ascendas India Trust stock price ended at S$1.03 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of Ascendas India Trust stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.96% from a day low at S$1.02 to a day high of S$1.04. The price has risen in 5 of the last 10 days and is up by 5.1% over the past 2 weeks.
The stock lies in the middle of a 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 -9.75% during the next 3 months and, with a 90% probability hold a price between S$0.85 and S$0.95 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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CY6U.SI Signals & Forecast
The Ascendas India Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at S$1.01 and S$1.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.29%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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".
Support, Risk & Stop-loss for Ascendas India Trust stock
Ascendas India Trust finds support from accumulated volume at S$1.02 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved S$0.0200 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: S$0.99 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (CY6U.SI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ascendas India Trust to open at S$1.03, and during the day (based on 14 day Average True Range), to move between S$1.01 and S$1.05, which gives a possible trading interval of +/-S$0.0215 (+/-2.09%) up or down from last closing price. If Ascendas India Trust takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$1.04 (0.97%) than the support at S$1.02 (0.97%), 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 Ascendas India Trust stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.551 Buy Candidate Unchanged
Predicted Opening Price for Ascendas India Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| S$1.03 ( 0%) | S$1.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CY6U.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.05 | 1.94 % | |
| R2 | 1.04 | 1.20 % | ||
| R1 | 1.04 | 0.742 % | ||
| Current price: | 1.03 | |||
| Support | S1 | 1.02 | -0.742 % | |
| S2 | 1.02 | -1.20 % | ||
| S3 | 1.01 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.11 | 7.77 % | |
| R2 | 1.05 | 1.94 % | ||
| R1 | 1.04 | 0.97 % | ||
| Current price | 1.03 | |||
| Support | S1 | 1.02 | -0.97% | |
| S2 | 0.99 | -4.37% | ||
| S3 | 0.98 | -4.85% |
CY6U Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Feb 19, 2024 | Feb 28, 2024 | S$0.0309 | 3.06% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | S$0.0336 | 3.05% |
| 3 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | S$0.0391 | 3.52% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | S$0.0428 | 3.72% |
| 5 | Feb 16, 2022 | Feb 16, 2022 | Feb 16, 2022 | S$0.0360 | 2.95% |
FAQ
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