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ADDvantage Technologies Group Stock Forecast NASDAQ:AEY

$1.93 (0%)

Volume: 11k

Closed: Nov 29, 2021

Hollow Logo Score: -3.746

ADDvantage Technologies Group Stock Forecast

$1.93 (0%)

Volume: 11k

Closed: Nov 29, 2021

Score Hollow Logo -3.746
Which way will AEY go? Request
Earnings Date: Dec 13, 2021
Key Stats
Beta 0.97
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 14 and the stock is currently not being overbought or oversold

ADDvantage Technologies Group stock price down 0% on Monday
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-17 Loss -4.46%

No changes to the price of ADDvantage Technologies Group stock on the last trading day (Monday, 29th Nov 2021). During the day the stock fluctuated 2.07% from a day low at $1.93 to a day high of $1.97. The price has fallen in 6 of the last 10 days and is down by -11.06% for this period.

The stock lies in the middle of a 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 -22.38% during the next 3 months and, with a 90% probability hold a price between $1.45 and $1.66 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 18, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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". 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. The ADDvantage Technologies Group 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 $1.94 and $2.16. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0400 between high and low, or 2.07%. For the last week, the stock has had a daily average volatility of 2.40%.

ADDvantage Technologies Group is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is ADDvantage Technologies Group stock A Buy?

ADDvantage Technologies Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.746

Predicted Opening Price for ADDvantage Technologies Group of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$1.94 $1.93 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 2.40 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.40 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.26
Price: $1.93
No Support Found

AEY Insider Trading Show all Trades

INSIDER POWER

0.613

Last 100 transactions
Buy: 1 948 289 | Sell: 3 177 081 (Shares)
Date Action Amount Person Type
Sep 07, 2021 Buy 17 857 Rutledge Michael A Common Stock
Sep 07, 2021 Buy 75 000 Rutledge Michael A Common Stock
May 17, 2021 Buy 10 000 Taylor Jimmy R Common Stock
Mar 31, 2021 Sell 50 000 Watson Jarrod M Common Stock
Dec 10, 2020 Sell 2 475 Chymiak Kenneth A Common Stock
Show all Insider Trades
INSIDER POWER

0.613

Last 100 transactions
Buy: 1 948 289 | Sell: 3 177 081 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.98 2.76 %
1.97 1.97 %
1.96 1.48 %
Current price: 1.93
Support 1.93 -0.10 %
1.92 -0.59 %
1.90 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.36 22.28 %
2.28 18.13 %
2.26 17.10 %
Current price 1.93
Support 0 .
0 .
0 .

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About ADDvantage Technologies Group

ADDvantage Technologies Group, Inc. distributes and services a line of electronics and hardware products for the cable television and telecommunication industries worldwide. The company’s Cable Television segment provides cable television equipment of various original equipment manufacturer suppliers for use in connection with video, telephone, and Internet data signals. It offers headend products, including satellite receivers, integrated recei... Read more

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