Acushnet Holdings Corp Stock Forecast
Green day on Friday for Acushnet Holdings Corp
(Updated on Jun 21, 2024)
The Acushnet Holdings Corp stock price gained 0.788% on the last trading day (Friday, 21st Jun 2024), rising from $64.75 to $65.26. During the last trading day the stock fluctuated 2.31% from a day low at $64.08 to a day high of $65.56. The price has fallen in 6 of the last 10 days and is down by -0.64% for this period. Volume fell on the last day by -14 thousand shares and in total, 184 thousand shares were bought and sold for approximately $12.03 million. 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 stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Acushnet Holdings Corp stock with a 90% probability to be traded between $62.41 and $69.02 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GOLF Signals & Forecast
The Acushnet Holdings Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.60 and $64.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.31%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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). The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 and based on theory for this formation the price should go up by 5.39% to $68.78 within 12 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Acushnet Holdings Corp stock
Acushnet Holdings Corp finds support from accumulated volume at $64.07 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 $1.48 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $61.93 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GOLF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Acushnet Holdings Corp to open at $64.97, and during the day (based on 14 day Average True Range), to move between $63.88 and $66.64, which gives a possible trading interval of +/-$1.38 (+/-2.12%) up or down from last closing price. If Acushnet Holdings Corp takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.44 (0.28%) than the support at $64.07 (1.82%), 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 Acushnet Holdings Corp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Acushnet Holdings Corp stock to perform well in the short-term period.
Current score: 1.917 Buy Candidate Unchanged
Predicted Opening Price for Acushnet Holdings Corp of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $64.97 ( 0.449%) | $65.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOLF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.45 | 1.82% |
| R2 | 65.88 | 0.95% |
| R1 | 65.53 | 0.417% |
| Price | 65.26 | |
| S1 | 64.40 | -1.32% |
| S2 | 64.05 | -1.85% |
| S3 | 63.49 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.95 | 1.06% |
| R2 | 65.82 | 0.86% |
| R1 | 65.44 | 0.276% |
| Price | 65.26 | |
| S1 | 64.07 | -1.82% |
| S2 | 63.16 | -3.22% |
| S3 | 61.57 | -5.65% |
GOLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.215 | 0.330% |
| 2 | Feb 29, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.215 | 0.336% |
| 3 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.195 | 0.315% |
| 4 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.195 | 0.345% |
| 5 | May 04, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.195 | 0.385% |
FAQ
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