Fat Prophets Global Property Fund Fund Forecast
Fat Prophets Global Property Fund fund upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Fat Prophets Global Property Fund fund price gained 1.55% on the last trading day (Friday, 28th Jun 2024), rising from A$0.645 to A$0.655. During the last trading day the fund fluctuated 0.763% from a day low at A$0.655 to a day high of A$0.660. The price has fallen in 4 of the last 10 days and is down by -5.07% for this period. Volume fell on the last day by -53 thousand shares and in total, 8 thousand shares were bought and sold for approximately A$5.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The fund is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at A$0.645 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Fat Prophets Global Property Fund fund with a 90% probability to be traded between A$0.643 and A$0.707 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FPP.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.55%. 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. The Fat Prophets Global Property Fund fund 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 A$0.684 and A$0.687. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fat Prophets Global Property Fund fund
Fat Prophets Global Property Fund finds support from accumulated volume at A$0.645 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the fund. During the last day, the fund moved A$0.0050 between high and low, or 0.763%. For the last week the fund has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FPP.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fat Prophets Global Property Fund to open at A$0.657, and during the day (based on 14 day Average True Range), to move between A$0.639 and A$0.671, which gives a possible trading interval of +/-A$0.0159 (+/-2.42%) up or down from last closing price. If Fat Prophets Global Property Fund takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$0.645 (1.53%) than the resistance at A$0.680 (3.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fat Prophets Global Property Fund fund A Buy?
Fat Prophets Global Property Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund. We have upgraded our analysis conclusion for this fund since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.594 Sell Candidate Upgraded
Predicted Opening Price for Fat Prophets Global Property Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$0.657 ( 0.254%) | A$0.655 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPP.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.662 | 1.02% |
| R2 | 0.660 | 0.726% |
| R1 | 0.659 | 0.546% |
| Price | 0.655 | |
| S1 | 0.655 | -0.0372% |
| S2 | 0.654 | -0.217% |
| S3 | 0.652 | -0.509% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.710 | 8.40% |
| R2 | 0.685 | 4.58% |
| R1 | 0.680 | 3.82% |
| Price | 0.655 | |
| S1 | 0.645 | -1.53% |
| S2 | 0 | - |
| S3 | 0 | - |
FPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | A$0.0300 | 4.65% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | A$0.0275 | 4.04% |
| 3 | Jun 27, 2023 | Jun 27, 2023 | Jun 27, 2023 | A$0.0300 | 5.13% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | A$0.0300 | 3.85% |
| 5 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | A$0.0300 | 3.33% |
FAQ
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