Aberdeen Standard European Logistics Stock Forecast
Green day on Wednesday for Aberdeen Standard European Logistics
(Updated on Mar 27, 2024)
The Aberdeen Standard European Logistics stock price gained 0.325% on the last trading day (Wednesday, 27th Mar 2024), rising from £61.50 to £61.70. During the last trading day the stock fluctuated 2.27% from a day low at £60.33 to a day high of £61.70. The price has risen in 5 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume fell on the last day by -304 thousand shares and in total, 564 thousand shares were bought and sold for approximately £34.79 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.18% during the next 3 months and, with a 90% probability hold a price between £65.73 and £74.26 at the end of this 3-month period.
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ASLI.L Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aberdeen Standard European Logistics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £61.85. On a fall, the stock will find some support from the short-term average at £61.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.49%. 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).
Support, Risk & Stop-loss for Aberdeen Standard European Logistics stock
Aberdeen Standard European Logistics finds support from accumulated volume at £59.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.37 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASLI.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Aberdeen Standard European Logistics Income Plc to open at £61.24, and during the day (based on 14 day Average True Range), to move between £60.17 and £63.23, which gives a possible trading interval of +/-£1.53 (+/-2.47%) up or down from last closing price. If Aberdeen Standard European Logistics Income Plc takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £63.00 (2.11%) than the support at £59.00 (4.38%), 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 Aberdeen Standard European Logistics Income Plc stock A Buy?
The Aberdeen Standard European Logistics stock holds several negative signals and despite the positive trend, we believe Aberdeen Standard European Logistics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.022 Sell Candidate Unchanged
Predicted Opening Price for Aberdeen Standard European Logistics Income Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£61.24 ( 0.740%) | £61.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASLI.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62.61 | 1.48 % | |
R2 | 62.09 | 0.632 % | ||
R1 | 61.77 | 0.108 % | ||
Current price: | 61.70 | |||
Support | S1 | 60.72 | -1.59 % | |
S2 | 60.40 | -2.11 % | ||
S3 | 59.87 | -2.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.10 | 3.89 % | |
R2 | 63.30 | 2.59 % | ||
R1 | 63.00 | 2.11 % | ||
Current price | 61.70 | |||
Support | S1 | 59.00 | -4.38% | |
S2 | 54.90 | -11.02% | ||
S3 | 53.90 | -12.64% |
ASLI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £1.23 | 1.95% |
2 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | £1.22 | 1.83% |
3 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £1.23 | 1.70% |
4 | Feb 17, 2023 | Mar 02, 2023 | Mar 24, 2023 | £1.20 | 1.65% |
5 | Nov 24, 2022 | Dec 01, 2022 | Dec 30, 2022 | £1.20 | 1.75% |
FAQ
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