ADMA Biologics Inc Stock Forecast
Green day on Wednesday for ADMA Biologics Inc stock after gaining 3.69%
(Updated on Mar 27, 2024)
The ADMA Biologics Inc stock price gained 3.69% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.50 to $6.74. It has now gained 4 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 3.85% from a day low at $6.50 to a day high of $6.75. The price has risen in 6 of the last 10 days and is up by 7.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 601 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $19.12 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.72, a level that may pose a second chance to hit a runner. According to fan-theory $7.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ADMA Signals & Forecast
The ADMA Biologics Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.37 and $5.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 13.47%. 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 ADMA Biologics Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.16 and $6.12. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ADMA Biologics Inc finds support just below today's level at $6.16. If this is broken, then the next support from accumulated volume will be at $6.12 and $5.07.
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 $0.250 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: $6.49 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (ADMA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect ADMA Biologics Inc to open at $6.66, and during the day (based on 14 day Average True Range), to move between $6.51 and $6.97, which gives a possible trading interval of +/-$0.234 (+/-3.48%) up or down from last closing price. If ADMA Biologics Inc takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.16, some $0.580 (8.61%) from the current price of $6.74, our system finds the risk reward attractive.
Is ADMA Biologics Inc stock A Buy?
ADMA Biologics Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.563 Strong Buy Candidate Unchanged
Predicted Opening Price for ADMA Biologics Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$6.66 ( 1.14%) | $6.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADMA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.91 | 2.57 % | |
R2 | 6.82 | 1.15 % | ||
R1 | 6.76 | 0.279 % | ||
Current price: | 6.74 | |||
Support | S1 | 6.57 | -2.55 % | |
S2 | 6.51 | -3.43 % | ||
S3 | 6.41 | -4.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 6.74 | |||
Support | S1 | 6.16 | -8.61% | |
S2 | 6.12 | -9.20% | ||
S3 | 5.07 | -24.78% |
FAQ
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