Adc Therapeutics Ltd Stock Forecast
High volatility in Adc Therapeutics Ltd stock price on Monday which ended trading at $4.45
(Updated on May 06, 2024)
The Adc Therapeutics Ltd stock price fell by -9.18% on the last day (Monday, 6th May 2024) from $4.90 to $4.45. During the last trading day the stock fluctuated 16.52% from a day low at $4.42 to a day high of $5.15. The price has been going up and down for this period, and there has been a -4.91% loss for the last 2 weeks. Volume has increased on the last day by 3 million 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, 3 million shares were bought and sold for approximately $14.80 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Adc Therapeutics Ltd stock with a 90% probability to be traded between $3.75 and $5.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ADCT Signals & Forecast
There are few to no technical positive signals at the moment. The Adc Therapeutics Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.58 and $4.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -12.57%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Adc Therapeutics Ltd stock
Adc Therapeutics Ltd finds support from accumulated volume at $4.36 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 $0.730 between high and low, or 16.52%. For the last week, the stock has had daily average volatility of 9.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADCT) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Adc Therapeutics Ltd to open at $4.67, and during the day (based on 14 day Average True Range), to move between $4.04 and $4.86, which gives a possible trading interval of +/-$0.411 (+/-9.24%) up or down from last closing price. If Adc Therapeutics Ltd takes out the full calculated possible swing range there will be an estimated 18.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.36 (2.02%) than the resistance at $4.82 (8.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adc Therapeutics Ltd stock A Buy?
Adc Therapeutics Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -4.465 Sell Candidate Downgraded
Predicted Opening Price for Adc Therapeutics Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.67 ( 5.02%) | $4.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 21.42 % | |
| R2 | 5.12 | 15.16 % | ||
| R1 | 4.95 | 11.29 % | ||
| Current price: | 4.45 | |||
| Support | S1 | 4.39 | -1.25 % | |
| S2 | 4.22 | -5.12 % | ||
| S3 | 3.94 | -11.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.97 | 11.69 % | |
| R2 | 4.86 | 9.21 % | ||
| R1 | 4.82 | 8.31 % | ||
| Current price | 4.45 | |||
| Support | S1 | 4.36 | -2.02% | |
| S2 | 3.93 | -11.69% | ||
| S3 | 3.90 | -12.36% |
FAQ
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