Advent Technologies Stock Forecast
Advent Technologies stock price ended at $0.164 on Thursday, after losing 1.33%.
(Updated on Apr 25, 2024)
The Advent Technologies stock price fell by -1.33% on the last day (Thursday, 25th Apr 2024) from $0.166 to $0.164. During the last trading day the stock fluctuated 4.38% from a day low at $0.160 to a day high of $0.167. The price has fallen in 6 of the last 10 days and is down by -3.02% for this period. Volume has increased on the last day by 226 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, 371 thousand shares were bought and sold for approximately $60.72 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.163 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Advent Technologies stock with a 90% probability to be traded between $0.162 and $0.223 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ADN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.491%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Advent Technologies 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 $0.169 and $0.181. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Advent Technologies 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Advent Technologies stock
Advent Technologies finds support from accumulated volume at $0.163 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0070 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 7.29%.
Our recommended stop-loss: $0.155 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ADN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Advent Technologies Holdings, Inc. to open at $0.164, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.179, which gives a possible trading interval of +/-$0.0151 (+/-9.19%) up or down from last closing price. If Advent Technologies Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 18.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.163 (0.31%) than the resistance at $0.170 (3.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advent Technologies Holdings, Inc. stock A Buy?
Advent Technologies holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.875 Hold/Accumulate Unchanged
Predicted Opening Price for Advent Technologies Holdings, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.164 ( 0.122%) | $0.164 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.171 | 4.15 % | |
| R2 | 0.168 | 2.52 % | ||
| R1 | 0.166 | 1.51 % | ||
| Current price: | 0.164 | |||
| Support | S1 | 0.161 | -1.75 % | |
| S2 | 0.159 | -2.76 % | ||
| S3 | 0.157 | -4.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.190 | 16.00 % | |
| R2 | 0.178 | 8.67 % | ||
| R1 | 0.170 | 3.79 % | ||
| Current price | 0.164 | |||
| Support | S1 | 0.163 | -0.305% | |
| S2 | 0.161 | -1.71% | ||
| S3 | 0.160 | -2.32% |
FAQ
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