Adventus Mining Corporation Stock Forecast

Weaker technical forecast for Adventus Mining Corporation as stock downgraded to Buy Candidate.
(Updated on May 10, 2024)

ADZN.V Signals & Forecast

The Adventus Mining Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.454 and $0.400. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Thursday, May 09, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Adventus Mining Corporation stock

Adventus Mining Corporation finds support from accumulated volume at $0.455 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0200 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 4.81%.

Our recommended stop-loss: $0.458 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ADZN.V) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Adventus Mining Corporation to open at $0.478, and during the day (based on 14 day Average True Range), to move between $0.452 and $0.498, which gives a possible trading interval of +/-$0.0234 (+/-4.93%) up or down from last closing price. If Adventus Mining Corporation takes out the full calculated possible swing range there will be an estimated 9.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.455, some $0.0200 (4.21%) from the current price of $0.475, our system finds the risk reward attractive.

Is Adventus Mining Corporation 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 Adventus Mining Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.052 Buy Candidate Downgraded

Predicted Opening Price for Adventus Mining Corporation of Monday, May 13, 2024

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