Adm Tronics Unlimited Inc Stock Forecast
Adm Tronics Unlimited Inc stock price took a fall of -6.40% on Tuesday
(Updated on Jun 25, 2024)
The Adm Tronics Unlimited Inc stock price fell by -6.40% on the last day (Tuesday, 25th Jun 2024) from $0.0750 to $0.0702. During the last trading day the stock fluctuated 0% from a day low at $0.0702 to a day high of $0.0702. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. 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 -53 thousand shares and in total, 12 thousand shares were bought and sold for approximately $842.40 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0693, a level that may pose a second chance to hit a runner. According to fan-theory $0.0853 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ADMT Signals & Forecast
There are few to no technical positive signals at the moment. The Adm Tronics Unlimited 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 $0.0709 and $0.0737. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -12.26%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Adm Tronics Unlimited Inc stock
Adm Tronics Unlimited Inc finds support from accumulated volume at $0.0700 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADMT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Adm Tronics Unlimited Inc to open at $0.0702, and during the day (based on 14 day Average True Range), to move between $0.0673 and $0.0731, which gives a possible trading interval of +/-$0.0029 (+/-4.15%) up or down from last closing price. If Adm Tronics Unlimited Inc takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0700 (0.28%) than the resistance at $0.0750 (6.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adm Tronics Unlimited Inc stock A Buy?
Adm Tronics Unlimited Inc holds several negative signals and is within a very 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 Sell candidate.
Current score: -2.623 Sell Candidate Downgraded
Predicted Opening Price for Adm Tronics Unlimited Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0702 ( 0%) | $0.0702 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADMT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0702 | - |
| R2 | 0.0702 | - |
| R1 | 0.0702 | - |
| Price | 0.0702 | |
| S1 | 0.0702 | - |
| S2 | 0.0702 | - |
| S3 | 0.0702 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0800 | 13.96% |
| R2 | 0.0762 | 8.55% |
| R1 | 0.0750 | 6.84% |
| Price | 0.0702 | |
| S1 | 0.0700 | -0.285% |
| S2 | 0.0687 | -2.14% |
| S3 | 0.0670 | -4.56% |
FAQ
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