Advanced Energy Industries stock upgraded to Hold/Accumulate.
(Updated on Dec 03, 2021)
Hold candidate since 2021-12-03 PDF
The Advanced Energy Industries stock price fell by -0.69% on the last day (Friday, 3rd Dec 2021) from $87.06 to $86.46. and has now fallen 3 days in a row. During the day the stock fluctuated 2.86% from a day low at $85.16 to a day high of $87.59. The price has been going up and down for this period, and there has been a -3.09% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 207 thousand shares were bought and sold for approximately $17.88 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $86.37 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.16% during the next 3 months and, with a 90% probability hold a price between $89.97 and $100.34 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Advanced Energy Industries stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $88.26 and $89.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -9.13%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
Advanced Energy Industries finds support from accumulated volume at $86.45 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 $2.44 between high and low, or 2.86%. For the last week, the stock has had a daily average volatility of 3.73%.
Our recommended stop-loss: $82.53 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Is Advanced Energy Industries stock A Buy?
Advanced Energy Industries holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.491
Predicted Opening Price for Advanced Energy Industries of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 09, 2021 "Rosenblatt Securities" gave "$114.00" rating for AEIS. The price target was changed from $93.12 to 2.0%.
AEIS Insider Trading
|Sep 13, 2021||Buy||7 459||Acebedo Eduardo Bernal||Performance Units|
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|Aug 13, 2021||Buy||5 850||Kelley Stephen Douglas||Common Stock|
|May 26, 2021||Sell||1 700||Donikowski Tina||Common Stock|
|May 24, 2021||Sell||2 219||Mcgimpsey Thomas O||Common Stock|
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