AMPCAP INF/FD Stock Forecast
Green day on Friday for AMPCAP INF/FD stock after gaining 0.611%
(Updated on Jun 21, 2024)
The AMPCAP INF/FD stock price gained 0.611% on the last trading day (Friday, 21st Jun 2024), rising from A$24.55 to A$24.70. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.243% from a day low at A$24.68 to a day high of A$24.74. The price has fallen in 6 of the last 10 days and is down by -2.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately A$1.48 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.98% during the next 3 months and, with a 90% probability hold a price between A$25.11 and A$26.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GLIN.AX Signals & Forecast
There are mixed signals in the stock today. The AMPCAP INF/FD 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 A$24.98. On a fall, the stock will find some support from the short-term average at A$24.62. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -2.95%. 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). AMPCAP INF/FD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for AMPCAP INF/FD stock
AMPCAP INF/FD finds support from accumulated volume at A$24.56 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved A$0.0600 between high and low, or 0.243%. For the last week the stock has had daily average volatility of 0.432%.
Our recommended stop-loss: A$23.64 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (GLIN.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect AMPCAP INF/FD to open at A$24.71, and during the day (based on 14 day Average True Range), to move between A$24.51 and A$24.89, which gives a possible trading interval of +/-A$0.195 (+/-0.79%) up or down from last closing price. If AMPCAP INF/FD takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$24.76 (0.24%) than the support at A$24.56 (0.57%), 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 AMPCAP INF/FD stock A Buy?
AMPCAP INF/FD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.046 Hold/Accumulate Unchanged
Predicted Opening Price for AMPCAP INF/FD of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
A$24.71 ( 0.0270%) | A$24.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLIN.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.77 | 0.270% |
R2 | 24.74 | 0.177% |
R1 | 24.73 | 0.120% |
Price | 24.70 | |
S1 | 24.68 | -0.0658% |
S2 | 24.67 | -0.123% |
S3 | 24.65 | -0.216% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.45 | 3.04% |
R2 | 24.94 | 0.97% |
R1 | 24.76 | 0.243% |
Price | 24.70 | |
S1 | 24.56 | -0.567% |
S2 | 24.54 | -0.648% |
S3 | 24.49 | -0.85% |
GLIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 09, 2024 | Apr 19, 2024 | A$0.175 | 0.742% |
2 | Jan 08, 2024 | Jan 08, 2024 | Jan 08, 2024 | A$0.115 | 0.475% |
3 | Oct 09, 2023 | Oct 09, 2023 | Oct 09, 2023 | A$0.175 | 0.81% |
4 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.107 | 0.440% |
FAQ
Click here for our free guide on how to buy AMPCAP INF/FD Stock.