Aberdeen Standard European Logistics Stock Forecast
Red day on Thursday for Aberdeen Standard European Logistics stock after losing 0%
(Updated on May 09, 2024)
No changes to the price of Aberdeen Standard European Logistics stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £59.52 to a day high of £59.52. The price has fallen in 7 of the last 10 days and is down by -2.43% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.18% during the next 3 months and, with a 90% probability hold a price between £53.40 and £59.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASLI.L Signals & Forecast
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. 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 £59.95. On a fall, the stock will find some support from the short-term average at £59.46. 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 Friday, May 03, 2024, and so far it has fallen -1.14%. 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 Aberdeen Standard European Logistics stock
Aberdeen Standard European Logistics finds support from accumulated volume at £59.20 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 2.59%
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Aberdeen Standard European Logistics Income Plc to open at £59.52, and during the day (based on 14 day Average True Range), to move between £57.83 and £61.20, which gives a possible trading interval of +/-£1.69 (+/-2.83%) 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 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £59.20 (0.53%) than the resistance at £60.80 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aberdeen Standard European Logistics Income Plc stock A Buy?
Aberdeen Standard European Logistics 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: -3.802 Sell Candidate Unchanged
Predicted Opening Price for Aberdeen Standard European Logistics Income Plc of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £59.52 ( 0.00000000%) | £59.52 |
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 | 59.52 | 0.00000000 % | |
| R2 | 59.52 | 0.00000000 % | ||
| R1 | 59.52 | 0.00000000 % | ||
| Current price: | 59.52 | |||
| Support | S1 | 59.52 | 0.00000000 % | |
| S2 | 59.52 | 0.00000000 % | ||
| S3 | 59.52 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.50 | 3.34 % | |
| R2 | 61.00 | 2.50 % | ||
| R1 | 60.80 | 2.16 % | ||
| Current price | 59.52 | |||
| Support | S1 | 59.20 | -0.529% | |
| S2 | 59.00 | -0.87% | ||
| S3 | 58.80 | -1.20% |
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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