ADS Maritime Holding Plc Stock Forecast
ADS Maritime Holding Plc stock price ended at kr2.14 on Thursday, after gaining 0.94%.
(Updated on May 16, 2024)
The ADS Maritime Holding Plc stock price gained 0.94% on the last trading day (Thursday, 16th May 2024), rising from kr2.12 to kr2.14. During the last trading day the stock fluctuated 1.87% from a day low at kr2.14 to a day high of kr2.18. The price has risen in 5 of the last 10 days and is up by 5.94% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 5 thousand shares were bought and sold for approximately kr10.70 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr2.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.80% during the next 3 months and, with a 90% probability hold a price between kr1.85 and kr2.07 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ADS.OL Signals & Forecast
The ADS Maritime Holding 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 kr2.13 and kr2.03. 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 Friday, May 10, 2024, and so far it has fallen -0.93%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ADS Maritime Holding Plc stock
ADS Maritime Holding Plc finds support from accumulated volume at kr2.06 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 kr0.0400 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADS.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ADS Maritime Holding Plc to open at kr2.15, and during the day (based on 14 day Average True Range), to move between kr2.08 and kr2.20, which gives a possible trading interval of +/-kr0.0575 (+/-2.69%) up or down from last closing price. If ADS Maritime Holding Plc takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr2.15 (0.47%) than the support at kr2.06 (3.74%), 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 ADS Maritime Holding Plc stock A Buy?
ADS Maritime Holding Plc 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: -1.777 Sell Candidate Unchanged
Predicted Opening Price for ADS Maritime Holding Plc of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr2.15 ( 0.623%) | kr2.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADS.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.19 | 2.49 % | |
| R2 | 2.18 | 1.78 % | ||
| R1 | 2.17 | 1.34 % | ||
| Current price: | 2.14 | |||
| Support | S1 | 2.14 | -0.0910 % | |
| S2 | 2.13 | -0.532 % | ||
| S3 | 2.11 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.19 | 2.34 % | |
| R2 | 2.16 | 0.93 % | ||
| R1 | 2.15 | 0.467 % | ||
| Current price | 2.14 | |||
| Support | S1 | 2.06 | -3.74% | |
| S2 | 2.01 | -6.07% | ||
| S3 | 1.98 | -7.48% |
ADS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2021 | Feb 22, 2021 | Feb 22, 2021 | kr2.17 | 108.65% |
| 2 | Nov 23, 2020 | Nov 23, 2020 | Nov 23, 2020 | kr0.169 | 0.86% |
| 3 | Sep 01, 2020 | Sep 01, 2020 | Sep 01, 2020 | kr1.59 | 10.32% |
| 4 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | kr2.85 | 13.20% |
| 5 | Mar 10, 2020 | Mar 10, 2020 | Mar 10, 2020 | kr0.787 | 3.94% |
FAQ
Click here for our free guide on how to buy ADS Maritime Holding Plc Stock.
