Pt Adaro Energy Indonesia Tbk Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Pt Adaro Energy Indonesia Tbk
(Updated on Jul 03, 2024)
No changes to the price of Pt Adaro Energy Indonesia Tbk stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $0.181 to a day high of $0.181. The price has been going up and down for this period, and there has been a 2.62% gain for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.82% during the next 3 months and, with a 90% probability hold a price between $0.174 and $0.202 at the end of this 3-month period.
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PADEF Signals & Forecast
The Pt Adaro Energy Indonesia Tbk 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 $0.181 and $0.170. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 9.55% to $0.198 within 3 trading days (Monday, May 20, 2024) since signal was issued.
Support, Risk & Stop-loss for Pt Adaro Energy Indonesia Tbk stock
Pt Adaro Energy Indonesia Tbk finds support from accumulated volume at $0.180 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.173 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PADEF) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Pt Adaro Energy Indonesia Tbk to open at $0.181, and during the day (based on 14 day Average True Range), to move between $0.174 and $0.187, which gives a possible trading interval of +/-$0.0061 (+/-3.37%) up or down from last closing price. If Pt Adaro Energy Indonesia Tbk takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.180 (0.11%) than the resistance at $0.183 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pt Adaro Energy Indonesia Tbk stock A Buy?
Pt Adaro Energy Indonesia Tbk 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pt Adaro Energy Indonesia Tbk of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.181 ( 0%) | $0.181 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PADEF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.181 | - |
| R2 | 0.181 | - |
| R1 | 0.181 | - |
| Price | 0.181 | |
| S1 | 0.181 | - |
| S2 | 0.181 | - |
| S3 | 0.181 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.189 | 4.93% |
| R2 | 0.184 | 1.99% |
| R1 | 0.183 | 1.50% |
| Price | 0.181 | |
| S1 | 0.180 | -0.111% |
| S2 | 0.176 | -2.55% |
| S3 | 0.170 | -5.60% |
PADEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 05, 2024 | $0.0130 | 7.19% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Jan 12, 2024 | $199.98 | 122,237.16% |
| 3 | May 23, 2023 | May 23, 2023 | Jun 06, 2023 | $240.78 | 156,452.24% |
| 4 | Dec 30, 2022 | Dec 30, 2022 | Jan 13, 2023 | $251.28 | 99,163.38% |
| 5 | May 17, 2022 | May 17, 2022 | Jun 08, 2022 | $141.39 | 88,368.75% |
FAQ
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