Adams Natural Resources Fund Inc Stock Forecast
Adams Natural Resources Fund Inc stock price down 1.08% on Wednesday
(Updated on May 01, 2024)
The Adams Natural Resources Fund Inc stock price fell by -1.08% on the last day (Wednesday, 1st May 2024) from $23.12 to $22.87. During the last trading day the stock fluctuated 1.85% from a day low at $22.72 to a day high of $23.14. The price has been going up and down for this period, and there has been a -1.51% loss for the last 2 weeks. 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 -2 thousand shares and in total, 31 thousand shares were bought and sold for approximately $719.97 thousand.
Given the current short-term trend, the stock is expected to rise 17.11% during the next 3 months and, with a 90% probability hold a price between $26.78 and $29.23 at the end of this 3-month period.
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PEO Signals & Forecast
There are few to no technical positive signals at the moment. The Adams Natural Resources Fund Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.42 and $23.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.95%. 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.
Support, Risk & Stop-loss for Adams Natural Resources Fund Inc stock
Adams Natural Resources Fund Inc finds support from accumulated volume at $22.76 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 $0.420 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.42%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Adams Natural Resources Fund Inc to open at $22.91, and during the day (based on 14 day Average True Range), to move between $22.53 and $23.21, which gives a possible trading interval of +/-$0.341 (+/-1.49%) up or down from last closing price. If Adams Natural Resources Fund Inc takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.76 (0.48%) than the resistance at $23.37 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adams Natural Resources Fund Inc stock A Buy?
The Adams Natural Resources Fund Inc stock holds several negative signals and despite the positive trend, we believe Adams Natural Resources Fund Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.963 Sell Candidate Unchanged
Predicted Opening Price for Adams Natural Resources Fund Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $22.91 ( 0.175%) | $22.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.33 | 2.01 % | |
| R2 | 23.17 | 1.31 % | ||
| R1 | 23.07 | 0.88 % | ||
| Current price: | 22.87 | |||
| Support | S1 | 22.75 | -0.527 % | |
| S2 | 22.65 | -0.96 % | ||
| S3 | 22.49 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.59 | 3.15 % | |
| R2 | 23.51 | 2.80 % | ||
| R1 | 23.37 | 2.19 % | ||
| Current price | 22.87 | |||
| Support | S1 | 22.76 | -0.481% | |
| S2 | 21.10 | -7.74% | ||
| S3 | 21.05 | -7.96% |
PEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 16, 2024 | May 31, 2024 | $0.100 | 0.438% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Mar 01, 2024 | $0.100 | 0.465% |
| 3 | Nov 09, 2023 | Nov 17, 2023 | Dec 15, 2023 | $1.05 | 5.10% |
| 4 | Jul 20, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.100 | 0.426% |
| 5 | Apr 20, 2023 | May 17, 2023 | Jun 01, 2023 | $0.100 | 0.506% |
FAQ
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