AMTD IDEA Group Stock Forecast
AMTD IDEA Group stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The AMTD IDEA Group stock price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.74 to $1.76. During the last trading day the stock fluctuated 2.92% from a day low at $1.71 to a day high of $1.76. The price has been going up and down for this period, and there has been a 0.57% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $12.08 thousand.
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 -2.95% during the next 3 months and, with a 90% probability hold a price between $1.56 and $1.81 at the end of this 3-month period.
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AMTD Signals & Forecast
The AMTD IDEA Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.72 and $1.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.76%. 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). AMTD IDEA Group has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AMTD IDEA Group stock
AMTD IDEA Group finds support from accumulated volume at $1.75 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 $0.0499 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $1.68 (-4.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AMTD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AMTD IDEA Group to open at $1.74, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.82, which gives a possible trading interval of +/-$0.0601 (+/-3.42%) up or down from last closing price. If AMTD IDEA Group takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.75 (0.57%) than the resistance at $1.78 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMTD IDEA Group stock A Buy?
AMTD IDEA Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.243 Hold/Accumulate Downgraded
Predicted Opening Price for AMTD IDEA Group of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$1.74 ( 0.95%) | $1.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMTD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.79 | 1.89 % | |
R2 | 1.77 | 0.81 % | ||
R1 | 1.76 | 0.138 % | ||
Current price: | 1.76 | |||
Support | S1 | 1.72 | -2.03 % | |
S2 | 1.71 | -2.70 % | ||
S3 | 1.69 | -3.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.80 | 2.28 % | |
R2 | 1.79 | 1.70 % | ||
R1 | 1.78 | 1.14 % | ||
Current price | 1.76 | |||
Support | S1 | 1.75 | -0.568% | |
S2 | 1.74 | -1.14% | ||
S3 | 1.70 | -3.41% |
AMTD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 21, 2020 | Aug 06, 2020 | Aug 21, 2020 | $0.310 | 0.795% |
2 | Apr 22, 2020 | May 05, 2020 | May 20, 2020 | $0.310 | 0.82% |
3 | Jan 22, 2020 | Feb 04, 2020 | Feb 19, 2020 | $0.310 | 0.611% |
4 | Oct 21, 2019 | Nov 04, 2019 | Nov 19, 2019 | $0.310 | 0.646% |
5 | Jul 22, 2019 | Aug 05, 2019 | Aug 20, 2019 | $0.300 | 0.538% |
FAQ
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