ADVA Optical Networking SE Stock Forecast
Stronger technical forecast for ADVA Optical Networking SE stock price after Friday trading.
(Updated on May 17, 2024)
The ADVA Optical Networking SE stock price gained 0.100% on the last trading day (Friday, 17th May 2024), rising from 19.96€ to 19.98€. 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 risen in 5 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately 338.92€ 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 19.80€ and 19.94€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ADV.F Signals & Forecast
The ADVA Optical Networking SE stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 19.98€. On a fall, the stock will find some support from the long-term average at approximately 19.96€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.1000%. Further fall is indicated until a new bottom pivot has been found. 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 Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -0.270% to 19.93€ within 26 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for ADVA Optical Networking SE stock
ADVA Optical Networking SE finds support from accumulated volume at 19.96€ 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 0.514%.
Our recommended stop-loss: 18.85€ (-5.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ADV.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th 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 19.88€ and 20.08€, which gives a possible trading interval of +/-0.0960€ (+/-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 0.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.00€ (0.10%) than the support at 19.96€ (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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.117 Hold/Accumulate Upgraded
Predicted Opening Price for ADVA Optical Networking SE of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 19.97€ ( 0.0334%) | 19.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADV.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.03 | 0.267 % | |
| R2 | 20.01 | 0.152 % | ||
| R1 | 20.00 | 0.0813 % | ||
| Current price: | 19.98 | |||
| Support | S1 | 19.95 | -0.148 % | |
| S2 | 19.94 | -0.219 % | ||
| S3 | 19.91 | -0.334 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.10 | 0.601 % | |
| R2 | 20.05 | 0.350 % | ||
| R1 | 20.00 | 0.100 % | ||
| Current price | 19.98 | |||
| Support | S1 | 19.96 | -0.100% | |
| S2 | 19.94 | -0.200% | ||
| S3 | 19.92 | -0.300% |
FAQ
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