Ascent Capital Group 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
Ascent Capital Group stock price ended at $0.82 on Tuesday, after losing 0%.
(Updated on Sep 24, 2019)
No changes to the price of Ascent Capital Group stock on the last trading day (Tuesday, 24th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $0.82 to a day high of $0.82. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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ASCMA Signals & Forecast
The Ascent Capital Group 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 $0.82 and $0.82. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, September 23, 2019, and so far it has fallen 0%. Further fall is indicated 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.
Support, Risk & Stop-loss for Ascent Capital Group stock
Ascent Capital Group finds support from accumulated volume at $0.80 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 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASCMA) For The Upcoming Trading Day Of Wednesday 25th
For the upcoming trading day on Wednesday, 25th we expect Ascent Capital Group to open at $0.82, and during the day (based on 14 day Average True Range), to move between $0.783 and $0.85, which gives a possible trading interval of +/-$0.0348 (+/-4.25%) up or down from last closing price. If Ascent Capital Group takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.80 (2.20%) than the resistance at $0.85 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ascent Capital Group stock A Buy?
Ascent Capital Group 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.
Current score: -1.531 Sell Candidate Unchanged
Predicted Opening Price for Ascent Capital Group of Wednesday, September 25, 2019
| Fair opening price September 25, 2019 | Current price |
|---|---|
| $0.82 ( 0%) | $0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASCMA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | . | |
| R2 | 0.82 | . | ||
| R1 | 0.82 | . | ||
| Current price: | 0.82 | |||
| Support | S1 | 0.82 | . | |
| S2 | 0.82 | . | ||
| S3 | 0.82 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.93 | 13.69 % | |
| R2 | 0.92 | 12.84 % | ||
| R1 | 0.85 | 3.91 % | ||
| Current price | 0.82 | |||
| Support | S1 | 0.80 | -2.20% | |
| S2 | 0.720 | -11.98% | ||
| S3 | 0.700 | -14.43% |
FAQ
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