Aberforth Smaller Companies Trust plc Stock Forecast
Aberforth Smaller Companies Trust plc stock price up 0.716% on Wednesday
(Updated on Apr 24, 2024)
The Aberforth Smaller Companies Trust plc stock price gained 0.716% on the last trading day (Wednesday, 24th Apr 2024), rising from £1,396.00 to £1,406.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.73% from a day low at £1,390.00 to a day high of £1,414.00. The price has risen in 5 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 94 thousand shares were bought and sold for approximately £132.67 million. 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 upper part of a weak rising 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 £1,412.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.75% during the next 3 months and, with a 90% probability hold a price between £1,385.40 and £1,479.99 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASL.L Signals & Forecast
Mostly positive signals in the chart today. The Aberforth Smaller Companies Trust plc 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 £1,373.14 and £1,359.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 10.53%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Aberforth Smaller Companies Trust plc stock
Aberforth Smaller Companies Trust plc finds support from accumulated volume at £1,366.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £24.00 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: £1,364.66 (-2.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (ASL.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aberforth Smaller Companies Trust plc to open at £1,403.33, and during the day (based on 14 day Average True Range), to move between £1,390.73 and £1,421.27, which gives a possible trading interval of +/-£15.27 (+/-1.09%) up or down from last closing price. If Aberforth Smaller Companies Trust plc takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,366.00, some £40.00 (2.84%) from the current price of £1,406.00, our system finds the risk reward attractive.
Is Aberforth Smaller Companies Trust plc 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 Aberforth Smaller Companies Trust plc stock to perform well in the short-term.
Current score: 4.853 Buy Candidate Unchanged
Predicted Opening Price for Aberforth Smaller Companies Trust plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £1,403.33 ( 0.190%) | £1,406.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,427.33 | 1.52 % | |
| R2 | 1,418.17 | 0.87 % | ||
| R1 | 1,412.50 | 0.462 % | ||
| Current price: | 1,406.00 | |||
| Support | S1 | 1,394.17 | -0.84 % | |
| S2 | 1,388.50 | -1.24 % | ||
| S3 | 1,379.33 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,406.00 | |||
| Support | S1 | 1,366.00 | -2.84% | |
| S2 | 1,348.00 | -4.13% | ||
| S3 | 1,346.00 | -4.27% |
ASL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 08, 2024 | £37.55 | 2.75% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.130 | 0.0104% |
| 3 | Jan 27, 2023 | Feb 09, 2023 | Mar 08, 2023 | £8.30 | 0.631% |
| 4 | Jul 26, 2022 | Aug 04, 2022 | Aug 26, 2022 | £12.05 | 1.01% |
| 5 | Jan 28, 2022 | Feb 10, 2022 | Mar 08, 2022 | £24.25 | 2.01% |
FAQ
Click here for our free guide on how to buy Aberforth Smaller Companies Trust plc Stock.
