Adtalem Global Education Inc Stock Forecast
Red day on Wednesday for Adtalem Global Education Inc stock after losing 1.13%
(Updated on May 22, 2024)
The Adtalem Global Education Inc stock price fell by -1.13% on the last day (Wednesday, 22nd May 2024) from $66.12 to $65.37. During the last trading day the stock fluctuated 2.13% from a day low at $65.18 to a day high of $66.57. The price has risen in 6 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 287 thousand shares were bought and sold for approximately $18.76 million.
The stock lies in the upper part of a very wide and strong rising 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 $66.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.13% during the next 3 months and, with a 90% probability hold a price between $68.42 and $87.04 at the end of this 3-month period.
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ATGE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Adtalem Global Education Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $65.70. On a fall, the stock will find some support from the long-term average at approximately $54.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Adtalem Global Education Inc stock
Adtalem Global Education Inc finds support from accumulated volume at $63.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.39 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.43%.
The Adtalem Global Education Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $63.80 (-2.40%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (ATGE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Adtalem Global Education Inc to open at $65.71, and during the day (based on 14 day Average True Range), to move between $63.51 and $67.23, which gives a possible trading interval of +/-$1.86 (+/-2.84%) up or down from last closing price. If Adtalem Global Education Inc takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.72 (0.54%) than the support at $63.04 (3.56%), 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 Adtalem Global Education Inc stock A Buy?
Adtalem Global Education Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.285 Hold/Accumulate Unchanged
Predicted Opening Price for Adtalem Global Education Inc of Thursday, May 23, 2024
Fair opening price May 23, 2024 | Current price |
---|---|
$65.71 ( 0.515%) | $65.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATGE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.10 | 2.64 % | |
R2 | 66.57 | 1.83 % | ||
R1 | 66.24 | 1.33 % | ||
Current price: | 65.37 | |||
Support | S1 | 65.18 | -0.297 % | |
S2 | 64.85 | -0.799 % | ||
S3 | 64.32 | -1.61 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 66.00 | 0.96 % | |
R2 | 65.95 | 0.89 % | ||
R1 | 65.72 | 0.535 % | ||
Current price | 65.37 | |||
Support | S1 | 63.04 | -3.56% | |
S2 | 60.08 | -8.09% | ||
S3 | 50.09 | -23.37% |
ATGE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 14, 2016 | Nov 30, 2016 | Dec 22, 2016 | $0.180 | 0.560% |
2 | May 16, 2016 | Jun 01, 2016 | Jun 24, 2016 | $0.180 | 1.03% |
3 | Nov 05, 2015 | Dec 02, 2015 | Dec 23, 2015 | $0.180 | 0.685% |
4 | May 14, 2015 | Jun 03, 2015 | Jun 26, 2015 | $0.180 | 0.551% |
5 | Nov 06, 2014 | Dec 03, 2014 | Dec 26, 2014 | $0.180 | 0.368% |
FAQ
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