AdUX SA Stock Forecast

AdUX SA stock price ended at 1.39€ on Friday, after gaining 4.51%.
(Updated on May 17, 2024)

ADUX.PA Signals & Forecast

The AdUX SA 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 1.39€ and 1.33€. 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, May 14, 2024, and so far it has fallen -2.11%. 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 AdUX SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 1.32€ and 1.30€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AdUX SA finds support just below today's level at 1.32€. If this is broken, then the next support from accumulated volume will be at 1.30€ and 1.25€.

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 0.0600€ between high and low, or 4.51%. For the last week the stock has had daily average volatility of 5.14%.

Our recommended stop-loss: 1.34€ (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ADUX.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AdUX SA to open at 1.37€, and during the day (based on 14 day Average True Range), to move between 1.32€ and 1.46€, which gives a possible trading interval of +/-0.0667€ (+/-4.80%) up or down from last closing price. If AdUX SA takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 1.40€ (0.72%) than the support at 1.32€ (5.04%), 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 AdUX SA 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 AdUX SA stock to perform well in the short-term.

Current score: 3.274 Buy Candidate Unchanged

Predicted Opening Price for AdUX SA of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.