Atlantic Coast Financial Corporation Fund Forecast
Atlantic Coast Financial Corporation fund price down 0% on Tuesday
(Updated on Jun 12, 2018)
No changes to the price of Atlantic Coast Financial Corporation fund on the last trading day (Tuesday, 12th Jun 2018). During the last trading day the fund fluctuated 0% from a day low at $10.89 to a day high of $10.89. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund 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 fund is expected to rise 4.47% during the next 3 months and, with a 90% probability hold a price between $10.82 and $11.61 at the end of this 3-month period.
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ACFC Signals & Forecast
The Atlantic Coast Financial Corporation fund 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 $10.89 and $10.68. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 21, 2018, and so far it has fallen -1.00%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Atlantic Coast Financial Corporation fund
Atlantic Coast Financial Corporation finds support from accumulated volume at $10.68 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 very controlled movements and therefore the general risk is considered very 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 $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $10.44 (-4.10%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (ACFC) For The Upcoming Trading Day Of Wednesday 13th
For the upcoming trading day on Wednesday, 13th we expect Atlantic Coast Financial Corporation to open at $10.89, and during the day (based on 14 day Average True Range), to move between $10.82 and $10.96, which gives a possible trading interval of +/-$0.0717 (+/-0.66%) up or down from last closing price. If Atlantic Coast Financial Corporation takes out the full calculated possible swing range there will be an estimated 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.90 (0.09%) than the support at $10.68 (1.93%), 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 Atlantic Coast Financial Corporation fund A Buy?
Atlantic Coast Financial Corporation 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: -0.260 Hold/Accumulate Unchanged
Predicted Opening Price for Atlantic Coast Financial Corporation of Wednesday, June 13, 2018
| Fair opening price June 13, 2018 | Current price |
|---|---|
| $10.89 ( 0%) | $10.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.89 | . | |
| R2 | 10.89 | . | ||
| R1 | 10.89 | . | ||
| Current price: | 10.89 | |||
| Support | S1 | 10.89 | . | |
| S2 | 10.89 | . | ||
| S3 | 10.89 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.00 | 1.01 % | |
| R2 | 10.96 | 0.643 % | ||
| R1 | 10.90 | 0.0918 % | ||
| Current price | 10.89 | |||
| Support | S1 | 10.68 | -1.93% | |
| S2 | 10.22 | -6.15% | ||
| S3 | 10.17 | -6.61% |
FAQ
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