Analog Devices 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
Analog Devices stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Analog Devices stock price fell by -2.25% on the last day (Friday, 19th Apr 2024) from $187.58 to $183.36. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.92% from a day low at $182.59 to a day high of $187.93. The price has fallen in 6 of the last 10 days and is down by -5.85% for this period. Volume has increased on the last day by 2 million 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, 4 million shares were bought and sold for approximately $755.31 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $184.34 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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ADI Signals & Forecast
There are few to no technical positive signals at the moment. The Analog Devices 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 $190.40 and $194.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.17%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Analog Devices stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.34 (2.92%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Analog Devices to open at $184.63, and during the day (based on 14 day Average True Range), to move between $178.45 and $188.27, which gives a possible trading interval of +/-$4.91 (+/-2.68%) up or down from last closing price. If Analog Devices takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $184.69, some $1.33 (0.73%) from the current price of $183.36, our system finds the risk reward not very attractive.
Is Analog Devices stock A Buy?
Analog Devices holds several negative signals and is within a wide and falling trend, so we believe 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 Strong Sell candidate.
Current score: -5.225 Strong Sell Candidate Downgraded
Predicted Opening Price for Analog Devices of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $184.63 ( 0.691%) | $183.36 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 189.97 | 3.60 % | |
| R2 | 187.93 | 2.49 % | ||
| R1 | 186.67 | 1.80 % | ||
| Current price: | 183.36 | |||
| Support | S1 | 182.59 | -0.421 % | |
| S2 | 181.33 | -1.11 % | ||
| S3 | 179.29 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.20 | 6.46 % | |
| R2 | 194.05 | 5.83 % | ||
| R1 | 184.69 | 0.725 % | ||
| Current price | 183.36 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ADI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 04, 2024 | Mar 15, 2024 | $0.92 | 0.471% |
| 2 | Nov 21, 2023 | Dec 01, 2023 | Dec 14, 2023 | $0.86 | 0.430% |
| 3 | Aug 22, 2023 | Sep 01, 2023 | Sep 14, 2023 | $0.86 | 0.479% |
| 4 | May 23, 2023 | Jun 02, 2023 | Jun 14, 2023 | $0.86 | 0.448% |
| 5 | Feb 14, 2023 | Feb 27, 2023 | Mar 08, 2023 | $0.86 | 0.461% |
FAQ
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