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 AD8.AX
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of Audinate Group Limited stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Audinate Group Limited stock price fell by -2.15% on the last day (Thursday, 28th Mar 2024) from $21.40 to $20.94. During the last trading day the stock fluctuated 2.11% from a day low at $20.90 to a day high of $21.34. The price has fallen in 6 of the last 10 days and is down by -7.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -105 thousand shares and in total, 183 thousand shares were bought and sold for approximately $3.82 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 44.43% during the next 3 months and, with a 90% probability hold a price between $28.06 and $35.24 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AD8.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Audinate Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.46 and $21.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -10.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Audinate Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $19.46 and $19.33. 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, Audinate Group Limited finds support just below today's level at $19.46. If this is broken, then the next support from accumulated volume will be at $19.33 and $19.26.

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 $0.440 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 3.65%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AD8.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Audinate Group Limited to open at $21.06, and during the day (based on 14 day Average True Range), to move between $20.17 and $21.71, which gives a possible trading interval of +/-$0.774 (+/-3.70%) up or down from last closing price. If Audinate Group Limited takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.30 (1.72%) than the support at $19.46 (7.07%), 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 Audinate Group Limited stock A Buy?

The Audinate Group Limited stock holds several negative signals and despite the positive trend, we believe Audinate Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.436 Sell Candidate Downgraded

Predicted Opening Price for Audinate Group Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$21.06 ( 0.573%) $20.94

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

Trading levels for AD8.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.50 2.67 %
R2 21.33 1.87 %
R1 21.23 1.38 %
Current price: 20.94
Support S1 20.89 -0.230 %
S2 20.79 -0.726 %
S3 20.62 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.31 11.32 %
R2 23.18 10.70 %
R1 21.30 1.72 %
Current price 20.94
Support S1 19.46 -7.07%
S2 19.33 -7.69%
S3 19.26 -8.02%

FAQ

What is the symbol for Audinate Group Limited Stock and on which exchange is it traded?
The symbol for Audinate Group Limited is AD8.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Audinate Group Limited Stock?
The Audinate Group Limited stock holds several negative signals and despite the positive trend, we believe Audinate Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

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

What's the current price of Audinate Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an Audinate Group Limited (AD8.AX) share was $20.94.

What is the 52-week high and low for Audinate Group Limited Stock?
The 52-week high for Audinate Group Limited Stock is $23.51 and the 52-week low is $8.47.

What is the market capitalization of Audinate Group Limited Stock?
As of the 2024-03-28, the market capitalization of Audinate Group Limited is 1.74B.

When is the next earnings date for Audinate Group Limited?
The upcoming earnings date for Audinate Group Limited is Aug 20, 2024.
Click to get the best stock tips daily for free!

About Audinate Group Limited

Audinate Group Limited South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, Hermosa, and South Africa Energy Coal segments. It has a portfolio of assets produci... AD8.AX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT