Advanced Energy Industries Stock Forecast
Advanced Energy Industries stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Advanced Energy Industries stock price gained 3.47% on the last trading day (Wednesday, 27th Mar 2024), rising from $98.60 to $102.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.02% from a day low at $98.70 to a day high of $102.67. The price has been going up and down for this period, and there has been a 3.96% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 258 thousand shares were bought and sold for approximately $26.34 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 $103.84 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 -7.30% during the next 3 months and, with a 90% probability hold a price between $87.10 and $96.26 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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AEIS Signals & Forecast
The Advanced Energy Industries 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 $97.68 and $100.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 7.65%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Advanced Energy Industries stock
Advanced Energy Industries finds support from accumulated volume at $100.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.97 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: $97.76 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AEIS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Advanced Energy Industries to open at $101.13, and during the day (based on 14 day Average True Range), to move between $99.30 and $104.74, which gives a possible trading interval of +/-$2.72 (+/-2.67%) up or down from last closing price. If Advanced Energy Industries takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $100.46 (1.53%) than the resistance at $104.77 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Energy Industries stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.333 Buy Candidate Upgraded
Predicted Opening Price for Advanced Energy Industries of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$101.13 ( 0.87%) | $102.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEIS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 105.10 | 3.02 % | |
R2 | 103.58 | 1.53 % | ||
R1 | 102.65 | 0.614 % | ||
Current price: | 102.02 | |||
Support | S1 | 99.61 | -2.36 % | |
S2 | 98.68 | -3.28 % | ||
S3 | 97.16 | -4.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 106.60 | 4.49 % | |
R2 | 105.61 | 3.52 % | ||
R1 | 104.77 | 2.70 % | ||
Current price | 102.02 | |||
Support | S1 | 100.46 | -1.53% | |
S2 | 98.83 | -3.13% | ||
S3 | 95.75 | -6.15% |
AEIS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 09, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.100 | 0.0966% |
2 | Nov 02, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.100 | 0.104% |
3 | Jul 27, 2023 | Aug 18, 2023 | Sep 01, 2023 | $0.100 | 0.0846% |
4 | Apr 27, 2023 | May 19, 2023 | Jun 02, 2023 | $0.100 | 0.101% |
5 | Feb 03, 2023 | Feb 16, 2023 | Mar 03, 2023 | $0.100 | 0.106% |
FAQ
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