Adcock Ingram Holdings Limited Stock Forecast
Adcock Ingram Holdings Limited stock price ended at $5,569.00 on Friday, after gaining 0.342%.
(Updated on Apr 26, 2024)
The Adcock Ingram Holdings Limited stock price gained 0.342% on the last trading day (Friday, 26th Apr 2024), rising from $5,550.00 to $5,569.00. During the last trading day the stock fluctuated 0.667% from a day low at $5,550.00 to a day high of $5,587.00. The price has risen in 6 of the last 10 days and is up by 1.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $104.63 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Adcock Ingram Holdings Limited stock with a 90% probability to be traded between $5,200.48 and $5,667.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AIP.JO Signals & Forecast
The Adcock Ingram Holdings Limited 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 $5,503.00 and $5,469.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 6.06%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 1.86% to $5,672.62 within 29 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Adcock Ingram Holdings Limited stock
Adcock Ingram Holdings Limited finds support from accumulated volume at $5,532.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $37.00 between high and low, or 0.667%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $5,280.84 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (AIP.JO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Adcock Ingram Holdings Limited to open at $5,568.67, and during the day (based on 14 day Average True Range), to move between $5,427.46 and $5,710.54, which gives a possible trading interval of +/-$141.54 (+/-2.54%) up or down from last closing price. If Adcock Ingram Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5,600.00 (0.56%) than the support at $5,532.00 (0.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Adcock Ingram Holdings Limited stock A Buy?
Adcock Ingram Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.381 Hold/Accumulate Unchanged
Predicted Opening Price for Adcock Ingram Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5,568.67 ( 0.0060%) | $5,569.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIP.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,605.67 | 0.658 % | |
| R2 | 5,591.53 | 0.405 % | ||
| R1 | 5,582.80 | 0.248 % | ||
| Current price: | 5,569.00 | |||
| Support | S1 | 5,554.53 | -0.260 % | |
| S2 | 5,545.80 | -0.417 % | ||
| S3 | 5,531.67 | -0.670 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,609.00 | 0.718 % | |
| R2 | 5,603.00 | 0.611 % | ||
| R1 | 5,600.00 | 0.557 % | ||
| Current price | 5,569.00 | |||
| Support | S1 | 5,532.00 | -0.664% | |
| S2 | 5,446.00 | -2.21% | ||
| S3 | 5,400.00 | -3.03% |
AIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 18, 2024 | $125.00 | 2.32% |
| 2 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | $125.00 | 2.40% |
| 3 | Mar 15, 2023 | Mar 15, 2023 | Mar 15, 2023 | $125.00 | 2.43% |
| 4 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | $109.00 | 2.24% |
| 5 | Mar 16, 2022 | Mar 16, 2022 | Mar 16, 2022 | $104.00 | 2.04% |
FAQ
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