ADVA Optical Networking SE Stock Forecast
ADVA Optical Networking SE stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The ADVA Optical Networking SE stock price gained 0.202% on the last trading day (Friday, 14th Jun 2024), rising from 19.80€ to 19.84€. During the last trading day the stock fluctuated 0.303% from a day low at 19.80€ to a day high of 19.86€. The price has fallen in 6 of the last 10 days and is down by -1.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately 495.86€ thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 19.80€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ADVA Optical Networking SE stock with a 90% probability to be traded between 19.73€ and 20.01€ 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
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.202%. Further rise is indicated until a new top pivot has been found. ADVA Optical Networking SE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 19.86€ and 19.95€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ADVA Optical Networking SE stock
ADVA Optical Networking SE finds support from accumulated volume at 19.80€ 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 0.303%. For the last week the stock has had daily average volatility of 0.485%.
Our recommended stop-loss: 18.63€ (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (ADV.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect ADVA Optical Networking SE to open at 19.83€, and during the day (based on 14 day Average True Range), to move between 19.75€ and 19.93€, which gives a possible trading interval of +/-0.0925€ (+/-0.47%) 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 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.80€ (0.20%) than the resistance at 19.96€ (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ADVA Optical Networking SE stock A Buy?
ADVA Optical Networking SE holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.297 Hold/Accumulate Upgraded
Predicted Opening Price for ADVA Optical Networking SE of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 19.83€ ( 0.0336%) | 19.84€ |
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 | |
|---|---|---|
| R3 | 19.89 | 0.269% |
| R2 | 19.87 | 0.153% |
| R1 | 19.86 | 0.0819% |
| Price | 19.84 | |
| S1 | 19.81 | -0.149% |
| S2 | 19.80 | -0.220% |
| S3 | 19.77 | -0.336% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | 0.81% |
| R2 | 19.98 | 0.706% |
| R1 | 19.96 | 0.605% |
| Price | 19.84 | |
| S1 | 19.80 | -0.202% |
| S2 | 0 | - |
| S3 | 0 | - |
ADV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | 0.500€ | 2.52% |
FAQ
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