Adm Energy Plc 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
Is Adm Energy Plc stock still a buy after falling -10.11% on Friday?
(Updated on Jun 28, 2024)
The Adm Energy Plc stock price fell by -10.11% on the last day (Friday, 28th Jun 2024) from £0.445 to £0.400. During the last trading day the stock fluctuated 7.50% from a day low at £0.400 to a day high of £0.430. The price has been going up and down for this period, and there has been a 24.8% gain for the last 2 weeks. Volume has increased on the last day by 976 thousand 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, 976 thousand shares were bought and sold for approximately £390.46 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 -3.23% during the next 3 months and, with a 90% probability hold a price between £0.304 and £0.430 at the end of this 3-month period.
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ADME.L Signals & Forecast
The Adm Energy Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.382 and £0.341. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, June 27, 2024, and so far it has fallen -10.11%. Further fall is indicated until a new bottom pivot has been found. Adm Energy Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Thursday, June 20, 2024 with a target of £0.353. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Adm Energy Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.375 and £0.345. 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, Adm Energy Plc finds support just below today's level at £0.375. If this is broken, then the next support from accumulated volume will be at £0.345 and £0.325.
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 £0.0300 between high and low, or 7.50%. For the last week, the stock has had daily average volatility of 15.34%.
Our recommended stop-loss: £0.381 (-4.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ADME.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Adm Energy Plc to open at £0.410, and during the day (based on 14 day Average True Range), to move between £0.368 and £0.432, which gives a possible trading interval of +/-£0.0320 (+/-8.00%) up or down from last closing price. If Adm Energy Plc takes out the full calculated possible swing range there will be an estimated 16.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.375 (6.25%) than the resistance at £0.445 (11.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Adm Energy Plc will release earnings BMO on Monday, July 01, 2024. We will update the financials statements for Adm Energy Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.52% in the first trading day after earnings release.
Is Adm Energy Plc stock A Buy?
Adm Energy Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Adm Energy Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £0.410 ( 2.50%) | £0.400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADME.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.440 | 10.00% |
| R2 | 0.429 | 7.13% |
| R1 | 0.421 | 5.36% |
| Price | 0.400 | |
| S1 | 0.399 | -0.365% |
| S2 | 0.391 | -2.14% |
| S3 | 0.380 | -5.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.445 | 11.25% |
| Price | 0.400 | |
| S1 | 0.375 | -6.25% |
| S2 | 0.345 | -13.75% |
| S3 | 0.325 | -18.75% |
FAQ
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