Adamas One Corp. Stock Forecast
Red day on Friday for Adamas One Corp. stock after losing 0.294%
(Updated on Apr 26, 2024)
The Adamas One Corp. stock price fell by -0.294% on the last day (Friday, 26th Apr 2024) from $0.306 to $0.305. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.86% from a day low at $0.290 to a day high of $0.310. The price has fallen in 7 of the last 10 days and is down by -20.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 57 thousand shares were bought and sold for approximately $17.35 thousand.
The stock lies in the middle of a very 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 -37.23% during the next 3 months and, with a 90% probability hold a price between $0.154 and $0.230 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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JEWL Signals & Forecast
There are few to no technical positive signals at the moment. The Adamas One Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.331 and $0.379. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -30.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Adamas One Corp. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0199 between high and low, or 6.86%. For the last week the stock has had daily average volatility of 11.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JEWL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Adamas One Corp. to open at $0.302, and during the day (based on 14 day Average True Range), to move between $0.260 and $0.350, which gives a possible trading interval of +/-$0.0449 (+/-14.73%) up or down from last closing price. If Adamas One Corp. takes out the full calculated possible swing range there will be an estimated 29.46% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.335, some $0.0300 (9.83%) from the current price of $0.305, our system finds the risk reward not very attractive.
Is Adamas One Corp. stock A Buy?
Adamas One Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.806 Strong Sell Candidate Unchanged
Predicted Opening Price for Adamas One Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.302 ( 1.13%) | $0.305 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.322 | 5.40 % | |
| R2 | 0.314 | 2.91 % | ||
| R1 | 0.309 | 1.37 % | ||
| Current price: | 0.305 | |||
| Support | S1 | 0.294 | -3.62 % | |
| S2 | 0.289 | -5.16 % | ||
| S3 | 0.282 | -7.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.380 | 24.68 % | |
| R2 | 0.360 | 17.99 % | ||
| R1 | 0.335 | 9.83 % | ||
| Current price | 0.305 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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