Ads-tec Energy Plc Stock Forecast
Stronger technical forecast for Ads-tec Energy Plc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Ads-tec Energy Plc stock price fell by -0.0781% on the last day (Tuesday, 2nd Jul 2024) from $12.80 to $12.79. During the last trading day the stock fluctuated 2.70% from a day low at $12.61 to a day high of $12.95. The price has risen in 6 of the last 10 days and is up by 17.77% over the past 2 weeks. Volume has increased on the last day by 24 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, 88 thousand shares were bought and sold for approximately $1.13 million.
The stock lies in the upper part of a wide and weak rising 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 $12.82 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.97% during the next 3 months and, with a 90% probability hold a price between $11.70 and $14.10 at the end of this 3-month period.
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ADSE Signals & Forecast
The Ads-tec Energy 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 $11.95 and $11.20. 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 Monday, July 01, 2024, and so far it has fallen -0.0781%. Further fall is indicated until a new bottom pivot has been found. Ads-tec Energy Plc 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".
Support, Risk & Stop-loss for Ads-tec Energy Plc stock
Ads-tec Energy Plc finds support from accumulated volume at $12.55 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 $0.340 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 7.28%.
The Ads-tec Energy Plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $12.48 (-2.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ADSE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ads-tec Energy Plc to open at $12.78, and during the day (based on 14 day Average True Range), to move between $12.27 and $13.31, which gives a possible trading interval of +/-$0.516 (+/-4.03%) up or down from last closing price. If Ads-tec Energy Plc takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.80 (0.08%) than the support at $12.55 (1.88%), 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 Ads-tec Energy Plc 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 Ads-tec Energy Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.212 Buy Candidate Upgraded
Predicted Opening Price for Ads-tec Energy Plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.78 ( 0.0519%) | $12.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADSE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.12 | 2.61% |
| R2 | 12.99 | 1.59% |
| R1 | 12.91 | 0.96% |
| Price | 12.79 | |
| S1 | 12.65 | -1.07% |
| S2 | 12.57 | -1.69% |
| S3 | 12.44 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 12.80 | 0.0782% |
| Price | 12.79 | |
| S1 | 12.55 | -1.88% |
| S2 | 11.97 | -6.41% |
| S3 | 10.51 | -17.83% |
FAQ
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