Andromeda Metals Limited Stock Forecast
Andromeda Metals Limited stock price ended at $0.0170 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of Andromeda Metals Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 5.88% from a day low at $0.0170 to a day high of $0.0180. The price has been going up and down for this period, and there has been a -10.53% loss for the last 2 weeks.
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 -35.23% during the next 3 months and, with a 90% probability hold a price between $0.0077 and $0.0141 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ADN.AX Signals & Forecast
There are mixed signals in the stock today. The Andromeda Metals Limited 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 $0.0174 and $0.0184. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Andromeda Metals Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0160. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0010 between high and low, or 5.88%. For the last week the stock has had daily average volatility of 10.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADN.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Andromeda Metals Limited to open at $0.0173, and during the day (based on 14 day Average True Range), to move between $0.0151 and $0.0189, which gives a possible trading interval of +/-$0.0019 (+/-11.36%) up or down from last closing price. If Andromeda Metals Limited takes out the full calculated possible swing range there will be an estimated 22.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0180 (5.88%) than the support at $0.0160 (5.88%), 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 Andromeda Metals Limited stock A Buy?
Andromeda Metals Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.055 Sell Candidate Unchanged
Predicted Opening Price for Andromeda Metals Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$0.0173 ( 1.96%) | $0.0170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADN.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0183 | 7.84 % | |
R2 | 0.0180 | 5.60 % | ||
R1 | 0.0177 | 4.21 % | ||
Current price: | 0.0170 | |||
Support | S1 | 0.0170 | -0.286 % | |
S2 | 0.0167 | -1.67 % | ||
S3 | 0.0163 | -3.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0200 | 17.65 % | |
R2 | 0.0190 | 11.76 % | ||
R1 | 0.0180 | 5.88 % | ||
Current price | 0.0170 | |||
Support | S1 | 0.0160 | -5.88% | |
S2 | 0 | . | ||
S3 | 0 | . |
ADN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 29, 2018 | May 29, 2018 | May 29, 2018 | $0.0002 | 2.31% |
2 | May 30, 2016 | May 30, 2016 | May 30, 2016 | $0.0008 | 5.58% |
FAQ
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