Adyen N.V. Stock Forecast
Evaluation of Adyen N.V. stock downgraded after the last trading session.
(Updated on May 16, 2024)
The Adyen N.V. stock price fell by -0.290% on the last day (Thursday, 16th May 2024) from $1,411.00 to $1,406.91. During the last trading day the stock fluctuated 1.62% from a day low at $1,385.00 to a day high of $1,407.37. The price has risen in 7 of the last 10 days and is up by 17.93% over the past 2 weeks. Volume has increased on the last day by 104 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, 137 shares were bought and sold for approximately $192.75 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 -18.29% during the next 3 months and, with a 90% probability hold a price between $928.47 and $1,260.78 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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ADYYF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 17.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $1,446.92. On a fall, the stock will find some support from the short-term average at $1,351.70. 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. Adyen N.V. 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".
Support, Risk & Stop-loss for Adyen N.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1,325.00 and $1,270.00. 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, Adyen N.V. finds support just below today's level at $1,325.00. If this is broken, then the next support from accumulated volume will be at $1,270.00 and $1,206.00.
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 $22.37 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADYYF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Adyen N.V. to open at $1,399.76, and during the day (based on 14 day Average True Range), to move between $1,338.46 and $1,475.35, which gives a possible trading interval of +/-$68.44 (+/-4.86%) up or down from last closing price. If Adyen N.V. takes out the full calculated possible swing range there will be an estimated 9.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1,325.00 (5.82%) than the resistance at $1,506.90 (7.11%), 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. 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 Sell candidate.
Current score: -1.576 Sell Candidate Downgraded
Predicted Opening Price for Adyen N.V. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $1,399.76 ( 0.508%) | $1,406.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADYYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,422.13 | 1.08 % | |
| R2 | 1,413.58 | 0.475 % | ||
| R1 | 1,408.30 | 0.0993 % | ||
| Current price: | 1,406.91 | |||
| Support | S1 | 1,391.21 | -1.12 % | |
| S2 | 1,385.93 | -1.49 % | ||
| S3 | 1,377.39 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,671.75 | 18.82 % | |
| R2 | 1,597.82 | 13.57 % | ||
| R1 | 1,506.90 | 7.11 % | ||
| Current price | 1,406.91 | |||
| Support | S1 | 1,325.00 | -5.82% | |
| S2 | 1,270.00 | -9.73% | ||
| S3 | 1,206.00 | -14.28% |
FAQ
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