AFMC.L stock forecast Aberdeen Frontier Markets Investment Company Limited

AFMC.L stock forecast

Monday January 20, 2020 Change 0.00% Price $0.46
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AFMC.L Forecast and Technical Stock Analysis

Sell candidate since 2020-01-16 PDF

No changes to the price of Aberdeen Frontier Markets Investment Company Limited in the last trading day ( Monday, 20th Jan 2020 ). During the day the stock fluctuated 0.00% from a day low at $0.45 to a day high of $0.45. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

Quick summary:

  • 30 day high of the AFMC.L stock price was $0.47 and low was $0.45.
  • 90 day high was $0.48 and low was $0.45.
  • 52 week high for Aberdeen Frontier Markets Investment Company Limited - $49.30 and low - $0.45.
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Aberdeen Frontier Markets Investment Company Limited is at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.47 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect Aberdeen Frontier Markets Investment Company Limited with a 90% probability to be traded between $0.45 and $0.46 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Aberdeen Frontier Markets Investment Company Limited holds buy signals from both short- and long-term moving averages. In addition, 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 $0.46 and $0.46. A break down 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 sales signal was issued from a pivot top point on Thursday December 19, 2019, which indicates further falls until a new bottom pivot has been found. 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.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 50 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Aberdeen Frontier Markets Investment Company Limited finds support from accumulated volume at $0.46.

Support: $0.46 Price: $0.46 Resistance: $0.47


In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

0.79 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded


Aberdeen Frontier Markets Investment Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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