ADENTRA Inc. Stock Forecast
ADENTRA Inc. stock price ended at $42.00 on Friday, after losing 0.0714%.
(Updated on May 03, 2024)
The ADENTRA Inc. stock price fell by -0.0714% on the last day (Friday, 3rd May 2024) from $42.03 to $42.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.63% from a day low at $41.77 to a day high of $42.45. The price has been going up and down for this period, and there has been a 0.96% gain for the last 2 weeks. 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 -7 thousand shares and in total, 45 thousand shares were bought and sold for approximately $1.89 million.
The stock lies in the middle of a 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 34.50% during the next 3 months and, with a 90% probability hold a price between $54.59 and $59.67 at the end of this 3-month period.
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ADEN.TO Signals & Forecast
The ADENTRA 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 $42.75. On a fall, the stock will find some support from the long-term average at approximately $41.25. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found. 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 ADENTRA Inc. stock
ADENTRA Inc. finds support from accumulated volume at $39.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.680 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: $39.89 (-5.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ADEN.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ADENTRA Inc. to open at $42.07, and during the day (based on 14 day Average True Range), to move between $40.99 and $43.01, which gives a possible trading interval of +/-$1.01 (+/-2.41%) up or down from last closing price. If ADENTRA Inc. takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.11 (0.26%) than the support at $39.99 (4.79%), 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.
Earnings coming up
ADENTRA Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.680. We will update the financials statements for ADENTRA Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.87% in the first trading day after earnings release.
Is ADENTRA Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ADENTRA Inc. stock to perform well in the short-term.
Current score: 2.782 Buy Candidate Unchanged
Predicted Opening Price for ADENTRA Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $42.07 ( 0.175%) | $42.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADEN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.75 | 1.79 % | |
| R2 | 42.49 | 1.18 % | ||
| R1 | 42.33 | 0.793 % | ||
| Current price: | 42.00 | |||
| Support | S1 | 41.81 | -0.444 % | |
| S2 | 41.65 | -0.83 % | ||
| S3 | 41.39 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.19 | 2.83 % | |
| R2 | 42.70 | 1.67 % | ||
| R1 | 42.11 | 0.262 % | ||
| Current price | 42.00 | |||
| Support | S1 | 39.99 | -4.79% | |
| S2 | 39.54 | -5.86% | ||
| S3 | 36.91 | -12.12% |
ADEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 26, 2024 | $0.140 | 0.321% |
| 2 | Jan 12, 2024 | Jan 12, 2024 | Jan 26, 2024 | $0 | 0% |
| 3 | Jul 14, 2023 | Jul 14, 2023 | Jul 28, 2023 | $0.130 | 0.378% |
| 4 | Apr 14, 2023 | Apr 14, 2023 | Jul 28, 2023 | $0.130 | 0.378% |
| 5 | Jan 13, 2023 | Jan 13, 2023 | Apr 28, 2023 | $0.130 | 0.500% |
FAQ
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