Adcock Ingram Holdings Limited Stock Forecast
Adcock Ingram Holdings Limited stock price up 1.83% on Thursday
(Updated on May 09, 2024)
The Adcock Ingram Holdings Limited stock price gained 1.83% on the last trading day (Thursday, 9th May 2024), rising from $5,560.00 to $5,662.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.91% from a day low at $5,560.00 to a day high of $6,000.00. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume fell on the last day by -146 thousand shares and in total, 19 thousand shares were bought and sold for approximately $107.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5,677.93 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Adcock Ingram Holdings Limited stock with a 90% probability to be traded between $5,326.25 and $5,737.45 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIP.JO Signals & Forecast
Mostly positive signals in the chart today. 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 $5,507.71 and $5,478.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 7.50%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 $440.00 between high and low, or 7.91%. For the last week the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: $5,472.89 (-3.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AIP.JO) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Adcock Ingram Holdings Limited to open at $5,740.67, and during the day (based on 14 day Average True Range), to move between $5,487.96 and $5,836.04, which gives a possible trading interval of +/-$174.04 (+/-3.07%) 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 6.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5,532.00, some $130.00 (2.30%) from the current price of $5,662.00, our system finds the risk reward attractive.
Is Adcock Ingram Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Adcock Ingram Holdings Limited stock to perform well in the short-term period.
Current score: 3.301 Buy Candidate Unchanged
Predicted Opening Price for Adcock Ingram Holdings Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $5,740.67 ( 1.39%) | $5,662.00 |
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 | 6,180.67 | 9.16 % | |
| R2 | 6,012.59 | 6.19 % | ||
| R1 | 5,908.75 | 4.36 % | ||
| Current price: | 5,662.00 | |||
| Support | S1 | 5,572.59 | -1.58 % | |
| S2 | 5,468.75 | -3.41 % | ||
| S3 | 5,300.67 | -6.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5,662.00 | |||
| Support | S1 | 5,532.00 | -2.30% | |
| S2 | 5,496.00 | -2.93% | ||
| S3 | 5,446.00 | -3.81% |
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
Click here for our free guide on how to buy Adcock Ingram Holdings Limited Stock.
