ABRDN INCOME CREDIT STRATEGI (ACP)

US0030571063

6.63  +0.1 (+1.53%)

After market: 6.61 -0.02 (-0.3%)

Technical Rating and Analysis

0

Taking everything into account, ACP scores 0 out of 10 in our technical rating. ACP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ACP is a bad performer in the overall market: 65% of all stocks are doing better.
ACP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACP is lagging the market slightly.
In the last month ACP has a been trading in the 6.38 - 6.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
ACP Weekly chart
ACP Daily chart
Setup Rating and Analysis

9

Although the technical rating is bad, ACP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACP in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

6.39

7.23

We found 1 important support area.

  • A support zone ranging from 6.45 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 6.70 to 6.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 6.87 to 7.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.89
Mansfield-1.07
10 Day High6.65
10 Day Low6.38
20 Day High6.8
20 Day Low6.38
52 Week High7.17
52 Week Low5.55
Performance
1 Week1.69%
2 Weeks-0.75%
1 Month-1.49%
3 Month-1.92%
6 Month7.28%
12 Month0.45%
2 Year-23.62%
3 Year-42.75%
5 Year-45.16%
10 Year-62.44%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)49.59
LBB6.42
UBB6.72
ACP Daily chart

ABRDN INCOME CREDIT STRATEGI

NYSE:ACP (5/3/2024, 7:04:00 PM)

After market: 6.61 -0.02 (-0.3%)

6.63

+0.1 (+1.53%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.53%
1 Week1.69%
2 Weeks-0.75%
1 Month-1.49%
3 Month-1.92%
6 Month7.28%
12 Month0.45%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%1.52%
ATR Inc
Range Today0.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.65
10 Day Low6.38
20 Day High6.8
20 Day Low6.38
52 Week High7.17
52 Week Low5.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume272.10K
Volume Incr-29.7%
Vol(5)264.32K
Vol(50)331.76K