Acushnet Holdings Corp Stock Forecast
Red day on Thursday for Acushnet Holdings Corp stock after losing 2.52%
(Updated on Apr 25, 2024)
The Acushnet Holdings Corp stock price fell by -2.52% on the last day (Thursday, 25th Apr 2024) from $63.16 to $61.57. During the last trading day the stock fluctuated 2.92% from a day low at $61.36 to a day high of $63.15. The price has been going up and down for this period, and there has been a -1.33% loss for the last 2 weeks. Volume has increased on the last day by 98 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 638 thousand shares were bought and sold for approximately $39.27 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $60.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.81% during the next 3 months and, with a 90% probability hold a price between $56.81 and $62.74 at the end of this 3-month period.
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GOLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Acushnet Holdings Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $62.54 and $63.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Acushnet Holdings Corp stock
Acushnet Holdings Corp finds support from accumulated volume at $61.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.79 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOLF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Acushnet Holdings Corp to open at $62.03, and during the day (based on 14 day Average True Range), to move between $60.09 and $63.05, which gives a possible trading interval of +/-$1.48 (+/-2.40%) up or down from last closing price. If Acushnet Holdings Corp takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.49 (0.13%) than the resistance at $64.42 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acushnet Holdings Corp stock A Buy?
Acushnet Holdings Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.830 Sell Candidate Unchanged
Predicted Opening Price for Acushnet Holdings Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $62.03 ( 0.742%) | $61.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.82 | 3.65 % | |
| R2 | 63.13 | 2.54 % | ||
| R1 | 62.71 | 1.85 % | ||
| Current price: | 61.57 | |||
| Support | S1 | 61.34 | -0.369 % | |
| S2 | 60.92 | -1.05 % | ||
| S3 | 60.24 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.95 | 7.11 % | |
| R2 | 65.82 | 6.90 % | ||
| R1 | 64.42 | 4.63 % | ||
| Current price | 61.57 | |||
| Support | S1 | 61.49 | -0.130% | |
| S2 | 61.45 | -0.195% | ||
| S3 | 61.42 | -0.244% |
GOLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.215 | 0.336% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.195 | 0.315% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.195 | 0.345% |
| 4 | May 04, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.195 | 0.385% |
| 5 | Mar 01, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.195 | 0.394% |
FAQ
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