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AI Analysis of ADMA
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Weaker technical forecast for ADMA Biologics Inc as stock downgraded to Sell Candidate.
(Updated on Apr 17, 2024)

Sell candidate since Apr 17, 2024 PDF

The ADMA Biologics Inc stock price fell by -1.95% on the last day (Wednesday, 17th Apr 2024) from $6.16 to $6.04. During the last trading day the stock fluctuated 3.69% from a day low at $5.97 to a day high of $6.19. The price has fallen in 7 of the last 10 days and is down by -4.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -92 thousand shares and in total, 2 million shares were bought and sold for approximately $9.81 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.27% during the next 3 months and, with a 90% probability hold a price between $7.67 and $9.01 at the end of this 3-month period.

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ADMA Signals & Forecast

There are few to no technical positive signals at the moment. The ADMA Biologics Inc 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 $6.08 and $6.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -10.39%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for ADMA Biologics Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.52 and $5.36. 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, ADMA Biologics Inc finds support just below today's level at $5.52. If this is broken, then the next support from accumulated volume will be at $5.36 and $5.27.

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 $0.220 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 4.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADMA) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect ADMA Biologics Inc to open at $6.07, and during the day (based on 14 day Average True Range), to move between $5.81 and $6.27, which gives a possible trading interval of +/-$0.233 (+/-3.86%) up or down from last closing price. If ADMA Biologics Inc takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.12 (1.32%) than the support at $5.52 (8.61%), 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 ADMA Biologics Inc stock A Buy?

The ADMA Biologics Inc stock holds several negative signals and despite the positive trend, we believe ADMA Biologics Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -4.787 Sell Candidate Downgraded

Predicted Opening Price for ADMA Biologics Inc of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$6.07 ( 0.443%) $6.04

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

Trading levels for ADMA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.29 4.09 %
R2 6.20 2.70 %
R1 6.15 1.84 %
Current price: 6.04
Support S1 5.98 -0.95 %
S2 5.93 -1.81 %
S3 5.85 -3.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.22 2.98 %
R2 6.16 1.99 %
R1 6.12 1.32 %
Current price 6.04
Support S1 5.52 -8.61%
S2 5.36 -11.26%
S3 5.27 -12.75%

FAQ

What is the symbol for ADMA Biologics Inc Stock and on which exchange is it traded?
The symbol for ADMA Biologics Inc is ADMA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ADMA Biologics Inc Stock?
The ADMA Biologics Inc stock holds several negative signals and despite the positive trend, we believe ADMA Biologics Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

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

What's the current price of ADMA Biologics Inc Stock?
As of the end of day on the 2024-04-17, the price of an ADMA Biologics Inc (ADMA) share was $6.04.

What is the 52-week high and low for ADMA Biologics Inc Stock?
The 52-week high for ADMA Biologics Inc Stock is $6.75 and the 52-week low is $3.06.

What is the market capitalization of ADMA Biologics Inc Stock?
As of the 2024-04-17, the market capitalization of ADMA Biologics Inc is 1.378B.

When is the next earnings date for ADMA Biologics Inc?
The upcoming earnings date for ADMA Biologics Inc is May 08, 2024.
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About ADMA Biologics Inc

ADMA Biologics ADMA Biologics, Inc., a biopharmaceutical company, engages in developing, manufacturing, and marketing specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally. It offers BIVIGAM, an intravenous immune globulin (IVIG) product indicated for the treatment of primary humoral immunodeficiency (PI); ASCENIV, an IVIG product for the treatment of PI; and Nabi-HB for the ... ADMA Profile

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