Advantage Solutions Inc. Stock Forecast
High volatility in Advantage Solutions Inc. stock price on Tuesday which ended trading at $0.0464
(Updated on Jun 25, 2024)
The Advantage Solutions Inc. stock price gained 16.00% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0400 to $0.0464. During the last trading day the stock fluctuated 32.44% from a day low at $0.0450 to a day high of $0.0596. The price has been going up and down for this period, and there has been a 16% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $1.93 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.61% during the next 3 months and, with a 90% probability hold a price between $0.0045 and $0.0645 at the end of this 3-month period.
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ADVWW Signals & Forecast
There are mixed signals in the stock today. The Advantage Solutions Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0826. On a fall, the stock will find some support from the short-term average at $0.0432. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -33.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Advantage Solutions Inc. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Advantage Solutions Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0420 and $0.0400. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Advantage Solutions Inc. finds support just below today's level at $0.0420. If this is broken, then the next support from accumulated volume will be at $0.0400 and $0.0363.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0146 between high and low, or 32.44%. For the last week, the stock has had daily average volatility of 26.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADVWW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Advantage Solutions Inc. to open at $0.0503, and during the day (based on 14 day Average True Range), to move between $0.0222 and $0.0706, which gives a possible trading interval of +/-$0.0242 (+/-52.09%) up or down from last closing price. If Advantage Solutions Inc. takes out the full calculated possible swing range there will be an estimated 104.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0420 (9.48%) than the resistance at $0.0520 (12.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advantage Solutions Inc. stock A Buy?
Advantage Solutions Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.223 Strong Sell Candidate Unchanged
Predicted Opening Price for Advantage Solutions Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0503 ( 8.48%) | $0.0464 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADVWW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0649 | 39.94% |
R2 | 0.0594 | 27.92% |
R1 | 0.0559 | 20.50% |
Price | 0.0464 | |
S1 | 0.0448 | -3.54% |
S2 | 0.0413 | -10.97% |
S3 | 0.0357 | -22.99% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.0559 | 20.47% |
R1 | 0.0520 | 12.07% |
Price | 0.0464 | |
S1 | 0.0420 | -9.48% |
S2 | 0.0400 | -13.79% |
S3 | 0.0363 | -21.77% |
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