Adiuvo Investments S.A. Stock Forecast
Volatile ride for Adiuvo Investments S.A. stock price on Friday moving between 0.311zł and 0.378zł
(Updated on Jun 28, 2024)
The Adiuvo Investments S.A. stock price gained 10.76% on the last trading day (Friday, 28th Jun 2024), rising from 0.316zł to 0.350zł. During the last trading day the stock fluctuated 21.54% from a day low at 0.311zł to a day high of 0.378zł. The price has fallen in 9 of the last 10 days and is down by -45.99% for this period. Volume fell on the last day by -79 thousand shares and in total, 281 thousand shares were bought and sold for approximately 98.21zł thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 0.307zł is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -43.56% during the next 3 months and, with a 90% probability hold a price between 0.173zł and 0.398zł at the end of this 3-month period.
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ADV.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 10.76%. 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 Adiuvo Investments S.A. 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 0.410zł and 0.721zł. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Adiuvo Investments S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.316zł. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at zł may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0670zł between high and low, or 21.54%. For the last week the stock has had daily average volatility of 17.08%.
Adiuvo Investments S.A. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADV.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Adiuvo Investments S.A. to open at 0.346zł, and during the day (based on 14 day Average True Range), to move between 0.300zł and 0.400zł, which gives a possible trading interval of +/-0.0502zł (+/-14.33%) up or down from last closing price. If Adiuvo Investments S.A. takes out the full calculated possible swing range there will be an estimated 28.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.353zł (0.86%) than the support at 0.316zł (9.71%), 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 Adiuvo Investments S.A. stock A Buy?
Adiuvo Investments S.A. holds several negative signals and is within a very wide 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.598 Sell Candidate Upgraded
Predicted Opening Price for Adiuvo Investments S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 0.346zł ( 1.05%) | 0.350zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADV.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.413 | 18.10% |
| R2 | 0.388 | 10.78% |
| R1 | 0.372 | 6.26% |
| Price | 0.350 | |
| S1 | 0.321 | -8.36% |
| S2 | 0.305 | -12.88% |
| S3 | 0.279 | -20.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.434 | 24.00% |
| R2 | 0.410 | 17.14% |
| R1 | 0.353 | 0.86% |
| Price | 0.350 | |
| S1 | 0.316 | -9.71% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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