Aberdeen Australia Equity Fund, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for Aberdeen Australia Equity Fund, Inc
(Updated on May 06, 2024)
The Aberdeen Australia Equity Fund, Inc stock price gained 1.65% on the last trading day (Monday, 6th May 2024), rising from $4.25 to $4.32. During the last trading day the stock fluctuated 1.41% from a day low at $4.27 to a day high of $4.33. The price has risen in 5 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume fell on the last day by -390 shares and in total, 48 thousand shares were bought and sold for approximately $208.67 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 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 2.01% during the next 3 months and, with a 90% probability hold a price between $4.18 and $4.52 at the end of this 3-month period.
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IAF Signals & Forecast
The Aberdeen Australia Equity Fund, Inc 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 $4.25 and $4.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.88%. 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. 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 also not.
Support, Risk & Stop-loss for Aberdeen Australia Equity Fund, Inc stock
Aberdeen Australia Equity Fund, Inc finds support from accumulated volume at $4.20 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 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 stock. During the last day, the stock moved $0.0600 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $4.13 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (IAF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Aberdeen Australia Equity Fund, Inc to open at $4.31, and during the day (based on 14 day Average True Range), to move between $4.24 and $4.40, which gives a possible trading interval of +/-$0.0775 (+/-1.79%) up or down from last closing price. If Aberdeen Australia Equity Fund, Inc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.36 (0.93%) than the support at $4.20 (2.78%), 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 Aberdeen Australia Equity Fund, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aberdeen Australia Equity Fund, Inc stock to perform well in the short-term.
Current score: 1.717 Buy Candidate Unchanged
Predicted Opening Price for Aberdeen Australia Equity Fund, Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.31 ( 0.309%) | $4.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.37 | 1.08 % | |
| R2 | 4.34 | 0.550 % | ||
| R1 | 4.33 | 0.222 % | ||
| Current price: | 4.32 | |||
| Support | S1 | 4.28 | -0.84 % | |
| S2 | 4.27 | -1.17 % | ||
| S3 | 4.25 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.40 | 1.85 % | |
| R2 | 4.38 | 1.27 % | ||
| R1 | 4.36 | 0.93 % | ||
| Current price | 4.32 | |||
| Support | S1 | 4.20 | -2.78% | |
| S2 | 4.15 | -3.94% | ||
| S3 | 4.08 | -5.67% |
IAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 28, 2024 | $0.120 | 2.82% |
| 2 | Nov 09, 2023 | Nov 21, 2023 | Jan 10, 2024 | $0.110 | 2.61% |
| 3 | Aug 09, 2023 | Aug 23, 2023 | Sep 29, 2023 | $0.120 | 3.04% |
| 4 | May 09, 2023 | May 18, 2023 | Jun 30, 2023 | $0.130 | 3.02% |
| 5 | Feb 09, 2023 | Feb 17, 2023 | Jan 10, 2019 | $0.130 | 2.50% |
FAQ
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