AAC TEC HOLDINGS ADR Stock Forecast
A very red day for AAC TEC HOLDINGS ADR stock price after a -6.62% fall in the Friday trading session
(Updated on Apr 19, 2024)
The AAC TEC HOLDINGS ADR stock price fell by -6.62% on the last day (Friday, 19th Apr 2024) from $3.17 to $2.96. During the last trading day the stock fluctuated 0.656% from a day low at $2.94 to a day high of $2.96. The price has been going up and down for this period, and there has been a -7.5% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $6.31 thousand.
Given the current short-term trend, the stock is expected to rise 50.50% during the next 3 months and, with a 90% probability hold a price between $4.45 and $5.22 at the end of this 3-month period.
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AACAY Signals & Forecast
There are few to no technical positive signals at the moment. The AAC TEC HOLDINGS ADR stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.10 and $2.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.84%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AAC TEC HOLDINGS ADR stock
AAC TEC HOLDINGS ADR finds support from accumulated volume at $2.84 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 $0.0193 between high and low, or 0.656%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AACAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect AAC TEC HOLDINGS ADR to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.86 and $3.06, which gives a possible trading interval of +/-$0.105 (+/-3.54%) up or down from last closing price. If AAC TEC HOLDINGS ADR takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.84 (4.05%) than the resistance at $3.12 (5.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AAC TEC HOLDINGS ADR stock A Buy?
The AAC TEC HOLDINGS ADR stock holds several negative signals and despite the positive trend, we believe AAC TEC HOLDINGS ADR will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.098 Sell Candidate Downgraded
Predicted Opening Price for AAC TEC HOLDINGS ADR of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.95 ( 0.217%) | $2.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AACAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.97 | 0.435 % | |
| R2 | 2.97 | 0.186 % | ||
| R1 | 2.96 | 0.0317 % | ||
| Current price: | 2.96 | |||
| Support | S1 | 2.95 | -0.466 % | |
| S2 | 2.94 | -0.620 % | ||
| S3 | 2.93 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.24 | 9.46 % | |
| R2 | 3.14 | 6.08 % | ||
| R1 | 3.12 | 5.47 % | ||
| Current price | 2.96 | |||
| Support | S1 | 2.84 | -4.05% | |
| S2 | 2.59 | -12.50% | ||
| S3 | 2.41 | -18.58% |
AACAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | Jul 06, 2023 | $0.0150 | 0.651% |
| 2 | Sep 02, 2021 | Sep 07, 2021 | Oct 08, 2021 | $0.0260 | 0.637% |
| 3 | May 25, 2021 | May 28, 2021 | Jul 08, 2021 | $0.0260 | 0.389% |
| 4 | Aug 24, 2020 | Sep 08, 2020 | Oct 09, 2020 | $0.0130 | 0.226% |
| 5 | Aug 23, 2019 | Sep 10, 2019 | Oct 15, 2019 | $0.0510 | 0.89% |
FAQ
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