AdTheorent Holding Company, Inc. Stock Forecast
Weaker technical forecast for AdTheorent Holding Company, Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The AdTheorent Holding Company, Inc. stock price fell by -0.307% on the last day (Friday, 26th Apr 2024) from $3.26 to $3.25. During the last trading day the stock fluctuated 1.54% from a day low at $3.24 to a day high of $3.29. The price has fallen in 4 of the last 10 days but is still up by 1.25% over the past 2 weeks. Volume has increased on the last day by 398 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, 2 million shares were bought and sold for approximately $4.92 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.45% during the next 3 months and, with a 90% probability hold a price between $3.66 and $4.77 at the end of this 3-month period.
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ADTH Signals & Forecast
The AdTheorent Holding Company, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.21 and $3.22. 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 Thursday, March 14, 2024, and so far it has fallen -12.63%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AdTheorent Holding Company, Inc. stock
AdTheorent Holding Company, Inc. finds support from accumulated volume at $3.24 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADTH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AdTheorent Holding Company, Inc. to open at $3.26, and during the day (based on 14 day Average True Range), to move between $3.15 and $3.35, which gives a possible trading interval of +/-$0.104 (+/-3.20%) up or down from last closing price. If AdTheorent Holding Company, Inc. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.26 (0.31%) than the support at $3.24 (0.31%), 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 AdTheorent Holding Company, Inc. stock A Buy?
AdTheorent Holding Company, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.238 Sell Candidate Downgraded
Predicted Opening Price for AdTheorent Holding Company, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.26 ( 0.308%) | $3.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.31 | 1.85 % | |
| R2 | 3.29 | 1.26 % | ||
| R1 | 3.28 | 0.90 % | ||
| Current price: | 3.25 | |||
| Support | S1 | 3.24 | -0.280 % | |
| S2 | 3.23 | -0.643 % | ||
| S3 | 3.21 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.28 | 0.92 % | |
| R2 | 3.27 | 0.615 % | ||
| R1 | 3.26 | 0.308 % | ||
| Current price | 3.25 | |||
| Support | S1 | 3.24 | -0.308% | |
| S2 | 3.21 | -1.23% | ||
| S3 | 3.19 | -1.85% |
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