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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADI
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Analog Devices stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)

Buy or Hold candidate since May 02, 2024 Gain 17.59% PDF

The Analog Devices stock price gained 0.671% on the last trading day (Friday, 21st Jun 2024), rising from $229.51 to $231.05. During the last trading day the stock fluctuated 1.21% from a day low at $229.10 to a day high of $231.88. The price has risen in 6 of the last 10 days but is still down by -2.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $1.65 billion.

The stock lies in the middle of a wide and 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 27.23% during the next 3 months and, with a 90% probability hold a price between $282.01 and $328.21 at the end of this 3-month period.

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ADI Signals & Forecast

The Analog Devices 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 $233.14. On a fall, the stock will find some support from the long-term average at approximately $223.60. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, May 22, 2024, and so far it has fallen -3.79%. 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 Analog Devices stock

Analog Devices finds support from accumulated volume at $229.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.78 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: $218.95 (-5.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (ADI) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Analog Devices to open at $230.67, and during the day (based on 14 day Average True Range), to move between $226.00 and $236.10, which gives a possible trading interval of +/-$5.05 (+/-2.18%) up or down from last closing price. If Analog Devices takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $229.51 (0.67%) than the resistance at $234.49 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Analog Devices 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 Analog Devices stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.368 Buy Candidate Upgraded

Predicted Opening Price for Analog Devices of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$230.67 ( 0.163%) $231.05

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADI

Fibonacci Support & Resistance Levels

Level Price
R3 233.45 1.04%
R2 232.39 0.581%
R1 231.74 0.297%
Price 231.05
S1 229.61 -0.623%
S2 228.96 -0.91%
S3 227.89 -1.37%

Accumulated Volume Support & Resistance Levels

Level Price
R3 240.16 3.94%
R2 234.56 1.52%
R1 234.49 1.49%
Price 231.05
S1 229.51 -0.667%
S2 196.50 -14.95%
S3 196.33 -15.03%

ADI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 Jun 04, 2024 Jun 17, 2024 $0.92 0.396%
2 Feb 20, 2024 Mar 04, 2024 Mar 15, 2024 $0.92 0.471%
3 Nov 21, 2023 Dec 01, 2023 Dec 14, 2023 $0.86 0.430%
4 Aug 22, 2023 Sep 01, 2023 Sep 14, 2023 $0.86 0.479%
5 May 23, 2023 Jun 02, 2023 Jun 14, 2023 $0.86 0.448%

FAQ

What is the symbol for Analog Devices Stock and on which exchange is it traded?
The symbol for Analog Devices is ADI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Analog Devices Stock?
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 Analog Devices stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Analog Devices Stock?
Analog Devices Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Analog Devices Stock.

What's the current price of Analog Devices Stock?
As of the end of day on the Jun 21, 2024, the price of an Analog Devices (ADI) share was $231.05.

What is the 52-week high and low for Analog Devices Stock?
The 52-week high for Analog Devices Stock is $241.88 and the 52-week low is $154.99.

What is the market capitalization of Analog Devices Stock?
As of the Jun 21, 2024, the market capitalization of Analog Devices is 114.651B.

When is the next earnings date for Analog Devices?
The upcoming earnings date for Analog Devices is Aug 21, 2024.
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About Analog Devices

Analog Devices Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing,... ADI Profile

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