Advantage Solutions Inc. Stock Forecast
Advantage Solutions Inc. stock downgraded to Sell Candidate
(Updated on Apr 30, 2024)
The Advantage Solutions Inc. stock price fell by -1.62% on the last day (Tuesday, 30th Apr 2024) from $4.33 to $4.26. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.13% from a day low at $4.22 to a day high of $4.31. The price has fallen in 5 of the last 10 days but is still up by 1.19% 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 -56 thousand shares and in total, 474 thousand shares were bought and sold for approximately $2.02 million.
The stock lies in the middle of a wide and strong 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 16.76% during the next 3 months and, with a 90% probability hold a price between $4.57 and $5.53 at the end of this 3-month period.
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ADV Signals & Forecast
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. The Advantage Solutions Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.48 and $4.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -8.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Advantage Solutions Inc. stock
Advantage Solutions Inc. finds support from accumulated volume at $4.25 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 $0.0900 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADV) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Advantage Solutions Inc. to open at $4.26, and during the day (based on 14 day Average True Range), to move between $4.06 and $4.46, which gives a possible trading interval of +/-$0.203 (+/-4.76%) up or down from last closing price. If Advantage Solutions Inc. takes out the full calculated possible swing range there will be an estimated 9.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.25 (0.23%) than the resistance at $4.29 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Advantage Solutions Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0800. We will update the financials statements for Advantage Solutions Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.27% in the first trading day after earnings release.
Is Advantage Solutions Inc. stock A Buy?
The Advantage Solutions Inc. stock holds several negative signals and despite the positive trend, we believe Advantage Solutions Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.929 Sell Candidate Downgraded
Predicted Opening Price for Advantage Solutions Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $4.26 ( 0.0782%) | $4.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.35 | 2.19 % | |
| R2 | 4.32 | 1.38 % | ||
| R1 | 4.30 | 0.89 % | ||
| Current price: | 4.26 | |||
| Support | S1 | 4.23 | -0.729 % | |
| S2 | 4.21 | -1.23 % | ||
| S3 | 4.17 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.43 | 3.99 % | |
| R2 | 4.33 | 1.64 % | ||
| R1 | 4.29 | 0.704 % | ||
| Current price | 4.26 | |||
| Support | S1 | 4.25 | -0.235% | |
| S2 | 4.21 | -1.17% | ||
| S3 | 4.12 | -3.29% |
FAQ
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