Adyen N.V. Stock Forecast
Adyen N.V. stock price up 3.25% on Tuesday
(Updated on May 07, 2024)
The Adyen N.V. stock price gained 3.25% on the last trading day (Tuesday, 7th May 2024), rising from 1,176.80€ to 1,215.00€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.81% from a day low at 1,187.60€ to a day high of 1,221.00€. The price has risen in 6 of the last 10 days but is still down by -12.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 51 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately 144.34€ million.
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 -12.93% during the next 3 months and, with a 90% probability hold a price between 973.23€ and 1,288.62€ at the end of this 3-month period.
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ADYEN.AS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 7.64%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adyen N.V. 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 1,403.64€. On a fall, the stock will find some support from the short-term average at 1,162.31€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Adyen N.V. stock
Adyen N.V. finds support from accumulated volume at 1,179.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 33.40€ between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADYEN.AS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Adyen N.V. to open at 1,207.87€, and during the day (based on 14 day Average True Range), to move between 1,162.76€ and 1,267.24€, which gives a possible trading interval of +/-52.24€ (+/-4.30%) up or down from last closing price. If Adyen N.V. takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1,179.60€ (2.91%) than the resistance at 1,436.20€ (18.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adyen N.V. stock A Buy?
Adyen N.V. 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: -1.769 Sell Candidate Unchanged
Predicted Opening Price for Adyen N.V. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 1,207.87€ ( 0.587%) | 1,215.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADYEN.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,241.27 | 2.16 % | |
| R2 | 1,228.51 | 1.11 % | ||
| R1 | 1,220.63 | 0.463 % | ||
| Current price: | 1,215.00 | |||
| Support | S1 | 1,195.11 | -1.64 % | |
| S2 | 1,187.23 | -2.29 % | ||
| S3 | 1,174.47 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,500.00 | 23.46 % | |
| R2 | 1,473.00 | 21.23 % | ||
| R1 | 1,436.20 | 18.21 % | ||
| Current price | 1,215.00 | |||
| Support | S1 | 1,179.60 | -2.91% | |
| S2 | 1,157.00 | -4.77% | ||
| S3 | 1,151.00 | -5.27% |
FAQ
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