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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
abrdn Income Credit Strategies Fund Common Shares (NYSE:ACP)
Crossroads (+60) - ACP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ACP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ACP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ACP
The long-term trend has been DOWN since Apr 12th, 2024 at 6.65
The intermediate-term trend has been UP since May 7th, 2024 at 6.76
The short-term trend has been UP since Apr 30th, 2024 at 6.54
Smart Scan Analysis for ACP
Based on our trend formula, ACP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
+60
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.79 | 6.79 | 6.71 | 6.72 | -0.04 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.72 | 268307 | 2024-05-08 15:59:36 |
| Year High | 14.65 | Year High Date | 2018-01-08 |
| Year Low | 11.56 | Year Low Date | 2018-11-28 |
| 52wk High | 7.17 | 52wk High Date | 2023-09-19 |
| 52wk Low | 5.55 | 52wk Low Date | 2023-10-30 |
| Year End Close | 18.17 | Average Volume | 384,282 |
| Shares Outstanding | 9,803 | Market Cap | 162M |
| Assets | 363,080,842M | Liabilities | 110,829,728M |
| P/E Ratio | 6.551 | Volatility | 18.72 |
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