Addvalue Technologies Ltd Stock Forecast

Big movements in Addvalue Technologies Ltd stock price on Friday moving 20.00% between high and low
(Updated on May 17, 2024)

A31.SI Signals & Forecast

Mostly positive signals in the chart today. The Addvalue Technologies Ltd 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 S$0.0109 and S$0.0092. 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 71.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Addvalue Technologies Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, March 26, 2024 with a target of S$0.0095. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Addvalue Technologies Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at S$0.0110 and S$0.0100. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at S$0.0100 may give a huge drop in the stock price.

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 S$0.0020 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 12.00%.

Our recommended stop-loss: S$0.0116 (-3.60%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (A31.SI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Addvalue Technologies Ltd to open at S$0.0113, and during the day (based on 14 day Average True Range), to move between S$0.0111 and S$0.0129, which gives a possible trading interval of +/-S$0.0009 (+/-7.31%) up or down from last closing price. If Addvalue Technologies Ltd takes out the full calculated possible swing range there will be an estimated 14.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ S$0.0110, some S$0.0010 (8.33%) from the current price of S$0.0120, our system finds the risk reward attractive.

Is Addvalue Technologies Ltd stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Addvalue Technologies Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.688 Strong Buy Candidate Upgraded

Predicted Opening Price for Addvalue Technologies Ltd of Monday, May 20, 2024

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