Adtalem Global Education Inc Stock Forecast
Stronger technical forecast for Adtalem Global Education Inc stock price after Wednesday trading.
(Updated on May 01, 2024)
The Adtalem Global Education Inc stock price gained 1.81% on the last trading day (Wednesday, 1st May 2024), rising from $49.62 to $50.52. During the last trading day the stock fluctuated 4.88% from a day low at $48.94 to a day high of $51.33. The price has risen in 9 of the last 10 days and is up by 9.85% 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, 121 thousand more shares were traded than the day before. In total, 443 thousand shares were bought and sold for approximately $22.40 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Adtalem Global Education Inc stock with a 90% probability to be traded between $45.15 and $51.78 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.
ATGE Signals & Forecast
Mostly positive signals in the chart today. The Adtalem Global Education Inc 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 $48.80 and $49.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.81%. 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.
Support, Risk & Stop-loss for Adtalem Global Education Inc stock
Adtalem Global Education Inc finds support from accumulated volume at $48.39 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 $2.39 between high and low, or 4.88%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $48.61 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ATGE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Adtalem Global Education Inc to open at $50.26, and during the day (based on 14 day Average True Range), to move between $49.28 and $51.76, which gives a possible trading interval of +/-$1.24 (+/-2.46%) up or down from last closing price. If Adtalem Global Education Inc takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.72 (0.40%) than the support at $48.39 (4.22%), 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.
Earnings coming up
Adtalem Global Education Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.15. We will update the financials statements for Adtalem Global Education Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.76% in the first trading day after earnings release.
Is Adtalem Global Education Inc 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 Adtalem Global Education Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.057 Buy Candidate Upgraded
Predicted Opening Price for Adtalem Global Education Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $50.26 ( 0.508%) | $50.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.65 | 4.22 % | |
| R2 | 51.74 | 2.42 % | ||
| R1 | 51.18 | 1.30 % | ||
| Current price: | 50.52 | |||
| Support | S1 | 49.35 | -2.32 % | |
| S2 | 48.79 | -3.43 % | ||
| S3 | 47.87 | -5.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.34 | 3.60 % | |
| R2 | 51.34 | 1.62 % | ||
| R1 | 50.72 | 0.396 % | ||
| Current price | 50.52 | |||
| Support | S1 | 48.39 | -4.22% | |
| S2 | 46.00 | -8.95% | ||
| S3 | 45.68 | -9.58% |
ATGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 14, 2016 | Nov 30, 2016 | Dec 22, 2016 | $0.180 | 0.560% |
| 2 | May 16, 2016 | Jun 01, 2016 | Jun 24, 2016 | $0.180 | 1.03% |
| 3 | Nov 05, 2015 | Dec 02, 2015 | Dec 23, 2015 | $0.180 | 0.685% |
| 4 | May 14, 2015 | Jun 03, 2015 | Jun 26, 2015 | $0.180 | 0.551% |
| 5 | Nov 06, 2014 | Dec 03, 2014 | Dec 26, 2014 | $0.180 | 0.368% |
FAQ
Click here for our free guide on how to buy Adtalem Global Education Inc Stock.
