Acushnet Holdings Corp Stock Forecast
Green day on Friday for Acushnet Holdings Corp stock after gaining 0.788%
(Updated on May 10, 2024)
The Acushnet Holdings Corp stock price gained 0.788% on the last trading day (Friday, 10th May 2024), rising from $63.47 to $63.97. During the last trading day the stock fluctuated 1.42% from a day low at $63.33 to a day high of $64.23. The price has risen in 6 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 278 thousand shares were bought and sold for approximately $17.77 million.
The stock lies the upper part of a 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 $65.18 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.71% during the next 3 months and, with a 90% probability hold a price between $53.63 and $60.15 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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GOLF Signals & Forecast
The Acushnet Holdings Corp 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 $63.30 and $63.27. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, May 07, 2024, and so far it has fallen -2.25%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Acushnet Holdings Corp stock
Acushnet Holdings Corp finds support from accumulated volume at $63.16 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 $0.90 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: $60.96 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (GOLF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Acushnet Holdings Corp to open at $63.84, and during the day (based on 14 day Average True Range), to move between $62.41 and $65.53, which gives a possible trading interval of +/-$1.56 (+/-2.43%) up or down from last closing price. If Acushnet Holdings Corp takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $63.16 (1.27%) than the resistance at $65.44 (2.30%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.419 Hold/Accumulate Unchanged
Predicted Opening Price for Acushnet Holdings Corp of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $63.84 ( 0.198%) | $63.97 |
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 | 64.74 | 1.21 % | |
| R2 | 64.40 | 0.671 % | ||
| R1 | 64.19 | 0.339 % | ||
| Current price: | 63.97 | |||
| Support | S1 | 63.50 | -0.735 % | |
| S2 | 63.29 | -1.07 % | ||
| S3 | 62.94 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.95 | 3.10 % | |
| R2 | 65.82 | 2.89 % | ||
| R1 | 65.44 | 2.30 % | ||
| Current price | 63.97 | |||
| Support | S1 | 63.16 | -1.27% | |
| S2 | 62.02 | -3.05% | ||
| S3 | 61.57 | -3.75% |
GOLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.215 | 0.336% |
| 2 | Feb 29, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.215 | 0.336% |
| 3 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.195 | 0.315% |
| 4 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.195 | 0.345% |
| 5 | May 04, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.195 | 0.385% |
FAQ
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