American Diversified Holdings Corp Stock Forecast
American Diversified Holdings Corp stock downgraded to Sell Candidate
(Updated on May 09, 2024)
No changes to the price of American Diversified Holdings Corp stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0010 to a day high of $0.0010. The price has been going up and down for this period, and there has been a -13.04% loss for the last 2 weeks.
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 American Diversified Holdings Corp stock with a 90% probability to be traded between $0.0008 and $0.0015 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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ADHC Signals & Forecast
There are mixed signals in the stock today. The American Diversified Holdings Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0011. On a fall, the stock will find some support from the short-term average at $0.0010. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should go up by 4.00% to $0.0010 within 7 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for American Diversified Holdings Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0009. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Diversified Holdings Corp finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0009 and $0.0008.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.78%
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect American Diversified Holdings Corporation to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0011, which gives a possible trading interval of +/-$0.0001 (+/-13.39%) 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 26.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0011 (5.00%) than the support at $0.0010 (5.00%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.478 Sell Candidate Downgraded
Predicted Opening Price for American Diversified Holdings Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.0010 ( 0%) | $0.0010 |
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 | 0.0010 | . | |
| R2 | 0.0010 | . | ||
| R1 | 0.0010 | . | ||
| Current price: | 0.0010 | |||
| Support | S1 | 0.0010 | . | |
| S2 | 0.0010 | . | ||
| S3 | 0.0010 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 20.00 % | |
| R2 | 0.0011 | 10.00 % | ||
| R1 | 0.0011 | 5.00 % | ||
| Current price | 0.0010 | |||
| Support | S1 | 0.0010 | -5.00% | |
| S2 | 0.0009 | -10.00% | ||
| S3 | 0.0008 | -20.00% |
FAQ
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