American Diversified Holdings Corp Stock Forecast
American Diversified Holdings Corp stock price ended at $0.0012 on Friday, after gaining 4.35%.
(Updated on Apr 26, 2024)
The American Diversified Holdings Corp stock price gained 4.35% on the last trading day (Friday, 26th Apr 2024), rising from $0.0012 to $0.0012. During the last trading day the stock fluctuated 9.09% from a day low at $0.0011 to a day high of $0.0012. The price has risen in 5 of the last 10 days and is up by 9.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 338 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $2.52 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.20% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0013 at the end of this 3-month period.
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ADHC Signals & Forecast
The American Diversified Holdings Corp 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 $0.0013. On a fall, the stock will find some support from the long-term average at approximately $0.0011. 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. American Diversified Holdings Corp 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, April 23, 2024, and so far it has fallen -20.00%. 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).
Support, Risk & Stop-loss for American Diversified Holdings Corp stock
American Diversified Holdings Corp finds support from accumulated volume at $0.0012 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 15.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADHC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect American Diversified Holdings Corporation to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0014, which gives a possible trading interval of +/-$0.0002 (+/-13.88%) up or down from last closing price. If American Diversified Holdings Corporation takes out the full calculated possible swing range there will be an estimated 27.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0012 (4.17%) than the resistance at $0.0013 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Diversified Holdings Corporation stock A Buy?
American Diversified Holdings Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.679 Sell Candidate Unchanged
Predicted Opening Price for American Diversified Holdings Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0012 ( 2.78%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0013 | 5.56 % | |
| R2 | 0.0012 | 2.37 % | ||
| R1 | 0.0012 | 0.406 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0011 | -5.96 % | |
| S2 | 0.0011 | -7.93 % | ||
| S3 | 0.0011 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 16.67 % | |
| R2 | 0.0013 | 8.33 % | ||
| R1 | 0.0013 | 5.00 % | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0012 | -4.17% | |
| S2 | 0.0011 | -8.33% | ||
| S3 | 0.0011 | -12.50% |
FAQ
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