Andrew Peller Ltd Stock Forecast
Weaker technical forecast for Andrew Peller Ltd as stock downgraded to Strong Sell Candidate.
(Updated on Jun 27, 2024)
The Andrew Peller Ltd stock price fell by -1.54% on the last day (Thursday, 27th Jun 2024) from $3.89 to $3.83. During the last trading day the stock fluctuated 1.31% from a day low at $3.82 to a day high of $3.87. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately $87.63 thousand.
The stock lies in the middle of a 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 -3.10% during the next 3 months and, with a 90% probability hold a price between $3.59 and $3.80 at the end of this 3-month period. 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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ADW-A.TO Signals & Forecast
There are mixed signals in the stock today. The Andrew Peller Ltd 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 $3.85. On a fall, the stock will find some support from the short-term average at $3.83. 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 Tuesday, June 18, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Andrew Peller Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Andrew Peller Ltd stock
Andrew Peller Ltd finds support from accumulated volume at $3.82 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 $0.0500 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADW-A.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Andrew Peller Ltd to open at $3.84, and during the day (based on 14 day Average True Range), to move between $3.74 and $3.92, which gives a possible trading interval of +/-$0.0950 (+/-2.48%) up or down from last closing price. If Andrew Peller Ltd takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.84 (0.26%) than the support at $3.82 (0.26%), 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 Andrew Peller Ltd stock A Buy?
Andrew Peller Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.005 Strong Sell Candidate Downgraded
Predicted Opening Price for Andrew Peller Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $3.84 ( 0.261%) | $3.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADW-A.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.89 | 1.57% |
| R2 | 3.87 | 1.07% |
| R1 | 3.86 | 0.760% |
| Price | 3.83 | |
| S1 | 3.82 | -0.238% |
| S2 | 3.81 | -0.546% |
| S3 | 3.79 | -1.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.86 | 0.783% |
| R2 | 3.85 | 0.522% |
| R1 | 3.84 | 0.261% |
| Price | 3.83 | |
| S1 | 3.82 | -0.261% |
| S2 | 3.81 | -0.522% |
| S3 | 3.78 | -1.31% |
ADW-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0 | 0% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0620 | 1.61% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.0620 | 1.29% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0620 | 1.49% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 07, 2023 | $0.0620 | 1.55% |
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