Koninklijke Ahld Stock Forecast
Red day on Thursday for Koninklijke Ahld stock after losing 0.300%
(Updated on May 02, 2024)
The Koninklijke Ahld stock price fell by -0.300% on the last day (Thursday, 2nd May 2024) from $30.32 to $30.23. During the last trading day the stock fluctuated 1.29% from a day low at $30.05 to a day high of $30.44. The price has risen in 7 of the last 10 days and is up by 4.71% over the past 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 -4 thousand shares and in total, 33 thousand shares were bought and sold for approximately $1.00 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.88% during the next 3 months and, with a 90% probability hold a price between $29.41 and $32.07 at the end of this 3-month period.
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ADRNY Signals & Forecast
The Koninklijke Ahld 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 $30.12 and $29.62. 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 Tuesday, April 30, 2024, and so far it has fallen -0.755%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Koninklijke Ahld stock
Koninklijke Ahld finds support from accumulated volume at $29.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.386 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.70%.
The Koninklijke Ahld stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $29.16 (-3.55%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ADRNY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Koninklijke Ahld to open at $30.24, and during the day (based on 14 day Average True Range), to move between $29.79 and $30.67, which gives a possible trading interval of +/-$0.442 (+/-1.46%) up or down from last closing price. If Koninklijke Ahld takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.40 (0.56%) than the support at $29.76 (1.55%), 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.
Earnings coming up
Koninklijke Ahld will release earnings -- on Wednesday, May 08, 2024. We will update the financials statements for Koninklijke Ahld, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.45% in the first trading day after earnings release.
Is Koninklijke Ahld stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Koninklijke Ahld stock to perform well in the short-term.
Current score: 2.607 Buy Candidate Unchanged
Predicted Opening Price for Koninklijke Ahld of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $30.24 ( 0.0372%) | $30.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADRNY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.63 | 1.32 % | |
| R2 | 30.48 | 0.83 % | ||
| R1 | 30.39 | 0.525 % | ||
| Current price: | 30.23 | |||
| Support | S1 | 30.09 | -0.451 % | |
| S2 | 30.00 | -0.753 % | ||
| S3 | 29.85 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.63 | 1.32 % | |
| R2 | 30.46 | 0.761 % | ||
| R1 | 30.40 | 0.562 % | ||
| Current price | 30.23 | |||
| Support | S1 | 29.76 | -1.55% | |
| S2 | 28.15 | -6.88% | ||
| S3 | 27.79 | -8.07% |
ADRNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 25, 2024 | $0.523 | 1.74% |
| 2 | Aug 11, 2023 | Aug 11, 2023 | Aug 31, 2023 | $0.418 | 1.28% |
| 3 | Jul 13, 2023 | Apr 14, 2023 | Apr 27, 2023 | $0.641 | 1.85% |
| 4 | Aug 12, 2022 | Aug 12, 2022 | Sep 01, 2022 | $0.469 | 1.72% |
| 5 | Apr 14, 2022 | Apr 19, 2022 | Apr 28, 2022 | $0.574 | 1.93% |
FAQ
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