ADENTRA Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ADENTRA Inc. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The ADENTRA Inc. stock price fell by -0.156% on the last day (Friday, 17th May 2024) from $38.45 to $38.39. During the last trading day the stock fluctuated 2.70% from a day low at $38.18 to a day high of $39.21. The price has fallen in 6 of the last 10 days and is down by -8.6% for this period. Volume has increased on the last day by 42 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, 42 thousand shares were bought and sold for approximately $1.62 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.81% during the next 3 months and, with a 90% probability hold a price between $44.96 and $53.22 at the end of this 3-month period.
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ADEN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.78%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ADENTRA Inc. 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 $38.66 and $41.27. A break-up above any of these levels will issue buy signals. 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 ADENTRA Inc. stock
ADENTRA Inc. finds support from accumulated volume at $37.90 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 $1.03 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 2.21%.
ADENTRA Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $36.47 (-4.99%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ADEN.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ADENTRA Inc. to open at $38.59, and during the day (based on 14 day Average True Range), to move between $37.33 and $39.45, which gives a possible trading interval of +/-$1.06 (+/-2.75%) up or down from last closing price. If ADENTRA Inc. takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.90 (1.28%) than the resistance at $39.54 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ADENTRA Inc. stock A Buy?
ADENTRA Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ADENTRA Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $38.59 ( 0.530%) | $38.39 |
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 | 39.62 | 3.21 % | |
| R2 | 39.23 | 2.19 % | ||
| R1 | 38.99 | 1.55 % | ||
| Current price: | 38.39 | |||
| Support | S1 | 38.20 | -0.495 % | |
| S2 | 37.96 | -1.13 % | ||
| S3 | 37.56 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.11 | 9.69 % | |
| R2 | 39.99 | 4.17 % | ||
| R1 | 39.54 | 3.00 % | ||
| Current price | 38.39 | |||
| Support | S1 | 37.90 | -1.28% | |
| S2 | 36.91 | -3.86% | ||
| S3 | 36.70 | -4.40% |
ADEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 26, 2024 | $0.140 | 0.365% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 26, 2024 | $0.140 | 0.321% |
| 3 | Jan 12, 2024 | Jan 12, 2024 | Jan 26, 2024 | $0 | 0% |
| 4 | Jul 14, 2023 | Jul 14, 2023 | Jul 28, 2023 | $0.130 | 0.378% |
| 5 | Apr 14, 2023 | Apr 14, 2023 | Jul 28, 2023 | $0.130 | 0.378% |
FAQ
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