ADVA Optical Networking SE Stock Forecast
Red day on Thursday for ADVA Optical Networking SE stock after losing 0.200%
(Updated on May 23, 2024)
The ADVA Optical Networking SE stock price fell by -0.200% on the last day (Thursday, 23rd May 2024) from 20.00€ to 19.96€. During the last trading day the stock fluctuated 0.301% from a day low at 19.94€ to a day high of 20.00€. The price has been going up and down for this period, and there has been a -0.2% loss for the last 2 weeks. Volume has increased on the last day by 4 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, 20 thousand shares were bought and sold for approximately 394.99€ thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ADVA Optical Networking SE stock with a 90% probability to be traded between 19.83€ and 19.98€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ADV.DE 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 ADVA Optical Networking SE 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 19.98€ and 19.96€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -0.200%. Further fall is indicated until a new bottom pivot has been found. ADVA Optical Networking SE 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". The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 02, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 02, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 02, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should fall by -0.0500% to 19.95€ within 32 trading days since signal was issued (Friday, May 24, 2024).
Support, Risk & Stop-loss for ADVA Optical Networking SE stock
ADVA Optical Networking SE finds support from accumulated volume at 19.94€ 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 0.0600€ between high and low, or 0.301%. For the last week the stock has had daily average volatility of 0.301%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADV.DE) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect ADVA Optical Networking SE to open at 19.97€, and during the day (based on 14 day Average True Range), to move between 19.87€ and 20.05€, which gives a possible trading interval of +/-0.0877€ (+/-0.44%) up or down from last closing price. If ADVA Optical Networking SE takes out the full calculated possible swing range there will be an estimated 0.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 19.98€ (0.10%) than the support at 19.94€ (0.10%), 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 ADVA Optical Networking SE stock A Buy?
ADVA Optical Networking SE holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.722 Sell Candidate Unchanged
Predicted Opening Price for ADVA Optical Networking SE of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 19.97€ ( 0.0334%) | 19.96€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADV.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.03 | 0.334 % | |
| R2 | 20.00 | 0.219 % | ||
| R1 | 19.99 | 0.148 % | ||
| Current price: | 19.96 | |||
| Support | S1 | 19.94 | -0.0814 % | |
| S2 | 19.93 | -0.152 % | ||
| S3 | 19.91 | -0.267 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.05 | 0.451 % | |
| R2 | 20.00 | 0.200 % | ||
| R1 | 19.98 | 0.100 % | ||
| Current price | 19.96 | |||
| Support | S1 | 19.94 | -0.100% | |
| S2 | 19.92 | -0.200% | ||
| S3 | 19.90 | -0.301% |
ADV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | 0.500€ | 2.51% |
FAQ
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