ADVA Optical Networking SE Stock Forecast
Red day on Tuesday for ADVA Optical Networking SE stock after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of ADVA Optical Networking SE stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0.508% from a day low at 19.70€ to a day high of 19.80€. The price has been going up and down for this period, and there has been a -0.2% loss for the last 2 weeks.
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 19.77€ 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 19.64€ and 19.93€ 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 Tuesday, June 18, 2024, and so far it has risen 0.101%. Further rise is indicated until a new top pivot has been found. 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 19.81€ and 19.92€. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for ADVA Optical Networking SE stock
ADVA Optical Networking SE finds support from accumulated volume at 19.78€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.100€ between high and low, or 0.508%. For the last week the stock has had daily average volatility of 0.426%
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ADVA Optical Networking SE to open at 19.77€, and during the day (based on 14 day Average True Range), to move between 19.70€ and 19.90€, which gives a possible trading interval of +/-0.0957€ (+/-0.48%) 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 0.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.78€ (0.10%) than the resistance at 19.96€ (0.81%), 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 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: -2.183 Sell Candidate Unchanged
Predicted Opening Price for ADVA Optical Networking SE of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 19.77€ ( 0.168%) | 19.80€ |
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 | 19.87 | 0.337% |
| R2 | 19.83 | 0.144% |
| R1 | 19.80 | 0.0246% |
| Price | 19.80 | |
| S1 | 19.73 | -0.361% |
| S2 | 19.70 | -0.480% |
| S3 | 19.67 | -0.673% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | 1.01% |
| R2 | 19.98 | 0.91% |
| R1 | 19.96 | 0.81% |
| Price | 19.80 | |
| S1 | 19.78 | -0.101% |
| 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€ | 2.53% |
FAQ
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