RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADI
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Stronger technical forecast for Analog Devices stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.93% PDF

The Analog Devices stock price gained 2.31% on the last trading day (Wednesday, 27th Mar 2024), rising from $188.96 to $193.33. During the last trading day the stock fluctuated 2.10% from a day low at $189.42 to a day high of $193.40. The price has fallen in 6 of the last 10 days and is down by -2.65% for this period. Volume fell on the last day by -164 thousand shares and in total, 2 million shares were bought and sold for approximately $453.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Analog Devices stock with a 90% probability to be traded between $187.21 and $204.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ADI Signals & Forecast

The Analog Devices stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $192.35 and $192.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 and based on theory for this formation the price should go up by 3.18% to $199.48 within 19 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Analog Devices stock

Analog Devices finds support from accumulated volume at $191.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.99 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: $184.09 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (ADI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Analog Devices to open at $192.05, and during the day (based on 14 day Average True Range), to move between $189.04 and $197.62, which gives a possible trading interval of +/-$4.29 (+/-2.22%) up or down from last closing price. If Analog Devices takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $193.72 (0.20%) than the support at $191.91 (0.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Analog Devices stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Analog Devices stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.431 Buy Candidate Upgraded

Predicted Opening Price for Analog Devices of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$192.05 ( 0.663%) $193.33

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 196.03 1.40 %
R2 194.51 0.611 %
R1 193.57 0.124 %
Current price: 193.33
Support S1 190.53 -1.45 %
S2 189.59 -1.94 %
S3 188.06 -2.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 195.20 0.97 %
R2 194.05 0.372 %
R1 193.72 0.202 %
Current price 193.33
Support S1 191.91 -0.734%
S2 188.96 -2.26%
S3 184.69 -4.47%

ADI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 04, 2024 Mar 15, 2024 $0.92 0.471%
2 Nov 21, 2023 Dec 01, 2023 Dec 14, 2023 $0.86 0.430%
3 Aug 22, 2023 Sep 01, 2023 Sep 14, 2023 $0.86 0.479%
4 May 23, 2023 Jun 02, 2023 Jun 14, 2023 $0.86 0.448%
5 Feb 14, 2023 Feb 27, 2023 Mar 08, 2023 $0.86 0.461%

FAQ

What is the symbol for Analog Devices Stock and on which exchange is it traded?
The symbol for Analog Devices is ADI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Analog Devices Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Analog Devices stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Analog Devices Stock?
Analog Devices Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Analog Devices Stock.

What's the current price of Analog Devices Stock?
As of the end of day on the 2024-03-27, the price of an Analog Devices (ADI) share was $193.33.

What is the 52-week high and low for Analog Devices Stock?
The 52-week high for Analog Devices Stock is $202.75 and the 52-week low is $154.99.

What is the market capitalization of Analog Devices Stock?
As of the 2024-03-27, the market capitalization of Analog Devices is 95.874B.

When is the next earnings date for Analog Devices?
The upcoming earnings date for Analog Devices is May 22, 2024.
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About Analog Devices

Analog Devices Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing,... ADI Profile

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