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ACP
ETF ticker: NYSE
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Net Assets
352.55M

ACP Price Prediction, abrdn Income Credit Strategies Fund AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ACP with price predictions
08:00 PM EDT Oct 01, 2023

ACP in downward trend: price dove below 50-day moving average on September 28, 2023

ACP moved below its 50-day moving average on September 28, 2023 date and that indicates a change from an upward trend to a downward trend. In of 29 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ACP as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ACP turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for ACP's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACP advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

ACP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 292 cases where ACP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It primarily invests in loan and debt instruments.
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
High Yield Bond
Address
399 Park Avenue, 6 th FloorNew York
Phone
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ACP and

Correlation & Price change

A.I.dvisor indicates that over the last year, ACP has been loosely correlated with HYLB. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if ACP jumps, then HYLB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ACP
1D Price
Change %
ACP100%
-1.62%
HYLB - ACP
43%
Loosely correlated
-1.12%
SJNK - ACP
41%
Loosely correlated
-0.41%
HYG - ACP
40%
Loosely correlated
-0.61%
JNK - ACP
40%
Loosely correlated
-0.61%
SHYG - ACP
39%
Loosely correlated
-0.43%
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