Admiralty Resources NL Stock Forecast

On Friday, Admiralty Resources NL stock price gained an impressive 10.00%
(Updated on Jun 28, 2024)

ADY.AX Signals & Forecast

The Admiralty Resources NL stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at A$0.0096 and A$0.0097. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Admiralty Resources NL 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. 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 Monday, May 13, 2024, and so far it has fallen -26.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Admiralty Resources NL stock

On the downside, the stock finds support just below today's level from accumulated volume at A$0.0100 and A$0.0090. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at A$0.0090 may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved A$0.0010 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: A$0.0103 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (ADY.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Admiralty Resources NL to open at A$0.0107, and during the day (based on 14 day Average True Range), to move between A$0.0103 and A$0.0117, which gives a possible trading interval of +/-A$0.0007 (+/-6.23%) up or down from last closing price. If Admiralty Resources NL takes out the full calculated possible swing range there will be an estimated 12.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at A$0.0100 (9.09%) than the resistance at A$0.0120 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Admiralty Resources NL stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Admiralty Resources NL stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.885 Buy Candidate Upgraded

Predicted Opening Price for Admiralty Resources NL of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.