Adairs Limited Stock Forecast
Adairs Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Adairs Limited stock price gained 1.66% on the last trading day (Friday, 28th Jun 2024), rising from $1.81 to $1.84. During the last trading day the stock fluctuated 2.87% from a day low at $1.82 to a day high of $1.87. The price has been going up and down for this period, and there has been a 1.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 225 thousand more shares were traded than the day before. In total, 385 thousand shares were bought and sold for approximately $709.20 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.87 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.69% during the next 3 months and, with a 90% probability hold a price between $1.11 and $1.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ADH.AX Signals & Forecast
Mostly positive signals in the chart today. The Adairs Limited 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 $1.87. On a fall, the stock will find some support from the long-term average at approximately $1.82. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 9.52%. 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). Adairs Limited 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Adairs Limited stock
Adairs Limited finds support from accumulated volume at $1.78 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 $0.0520 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: $1.77 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (ADH.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Adairs Limited to open at $1.84, and during the day (based on 14 day Average True Range), to move between $1.78 and $1.90, which gives a possible trading interval of +/-$0.0600 (+/-3.26%) up or down from last closing price. If Adairs Limited takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.85 (0.27%) than the support at $1.78 (3.26%), 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 Adairs Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.485 Buy Candidate Upgraded
Predicted Opening Price for Adairs Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.84 ( 0.0362%) | $1.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.89 | 2.86% |
| R2 | 1.87 | 1.78% |
| R1 | 1.86 | 1.12% |
| Price | 1.84 | |
| S1 | 1.82 | -1.04% |
| S2 | 1.81 | -1.71% |
| S3 | 1.79 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.92 | 4.35% |
| R2 | 1.86 | 0.82% |
| R1 | 1.85 | 0.272% |
| Price | 1.84 | |
| S1 | 1.78 | -3.26% |
| S2 | 1.72 | -6.52% |
| S3 | 1.68 | -8.70% |
ADH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Apr 08, 2024 | $0.0500 | 2.19% |
| 2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | $0.0800 | 3.94% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | $0.100 | 4.81% |
| 4 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | $0.0800 | 2.76% |
| 5 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | $0.100 | 2.62% |
FAQ
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