Azenta, Inc. Stock Forecast
Azenta, Inc. stock price up 1.97% on Monday
(Updated on Apr 29, 2024)
The Azenta, Inc. stock price gained 1.97% on the last trading day (Monday, 29th Apr 2024), rising from $52.18 to $53.21. During the last trading day the stock fluctuated 3.97% from a day low at $52.34 to a day high of $54.42. The price has been going up and down for this period, and there has been a -0.63% loss 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, 186 thousand more shares were traded than the day before. In total, 458 thousand shares were bought and sold for approximately $24.38 million.
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 -21.79% during the next 3 months and, with a 90% probability hold a price between $38.07 and $45.20 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.
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AZTA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.39%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Azenta, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $56.79. On a fall, the stock will find some support from the short-term average at $51.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Azenta, Inc. stock
Azenta, Inc. finds support from accumulated volume at $52.54 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 $2.08 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZTA) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Azenta, Inc. to open at $53.32, and during the day (based on 14 day Average True Range), to move between $51.69 and $54.73, which gives a possible trading interval of +/-$1.52 (+/-2.86%) up or down from last closing price. If Azenta, Inc. takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.54 (1.26%) than the resistance at $59.26 (11.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Azenta, Inc. stock A Buy?
Azenta, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.118 Sell Candidate Unchanged
Predicted Opening Price for Azenta, Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $53.32 ( 0.213%) | $53.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZTA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.40 | 4.12 % | |
| R2 | 54.61 | 2.63 % | ||
| R1 | 54.12 | 1.71 % | ||
| Current price: | 53.21 | |||
| Support | S1 | 52.53 | -1.28 % | |
| S2 | 52.04 | -2.20 % | ||
| S3 | 51.24 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.11 | 20.48 % | |
| R2 | 59.51 | 11.84 % | ||
| R1 | 59.26 | 11.37 % | ||
| Current price | 53.21 | |||
| Support | S1 | 52.54 | -1.26% | |
| S2 | 52.18 | -1.94% | ||
| S3 | 51.17 | -3.83% |
AZTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2021 | Dec 02, 2021 | Dec 23, 2021 | $0.100 | 0.0990% |
| 2 | Aug 05, 2021 | Sep 02, 2021 | Sep 24, 2021 | $0.100 | 0.0920% |
| 3 | May 10, 2021 | Jun 03, 2021 | Jun 25, 2021 | $0.100 | 0.106% |
| 4 | Feb 02, 2021 | Mar 04, 2021 | Mar 26, 2021 | $0.100 | 0.122% |
| 5 | Nov 10, 2020 | Dec 03, 2020 | Dec 17, 2020 | $0.100 | 0.134% |
FAQ
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