Advanced Drainage Systems Inc Stock Forecast
Advanced Drainage Systems Inc stock price up 0.0250% on Wednesday
(Updated on Apr 24, 2024)
The Advanced Drainage Systems Inc stock price gained 0.0250% on the last trading day (Wednesday, 24th Apr 2024), rising from $160.28 to $160.32. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.94% from a day low at $159.25 to a day high of $162.34. The price has fallen in 6 of the last 10 days and is down by -2.96% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 277 thousand shares were bought and sold for approximately $44.34 million.
The stock lies in the middle of a wide and strong 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 16.33% during the next 3 months and, with a 90% probability hold a price between $179.61 and $212.42 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WMS Signals & Forecast
There are mixed signals in the stock today. The Advanced Drainage Systems 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 $165.01. On a fall, the stock will find some support from the short-term average at $158.19. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -7.16%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Advanced Drainage Systems Inc stock
Advanced Drainage Systems Inc finds support from accumulated volume at $157.97 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 $3.09 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WMS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Advanced Drainage Systems Inc to open at $160.64, and during the day (based on 14 day Average True Range), to move between $155.93 and $164.71, which gives a possible trading interval of +/-$4.39 (+/-2.74%) up or down from last closing price. If Advanced Drainage Systems Inc takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $162.04 (1.07%) than the support at $157.97 (1.47%), 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.
Is Advanced Drainage Systems Inc stock A Buy?
Advanced Drainage Systems 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: -3.511 Sell Candidate Unchanged
Predicted Opening Price for Advanced Drainage Systems Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $160.64 ( 0.198%) | $160.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.73 | 2.12 % | |
| R2 | 162.55 | 1.39 % | ||
| R1 | 161.82 | 0.93 % | ||
| Current price: | 160.32 | |||
| Support | S1 | 159.46 | -0.539 % | |
| S2 | 158.73 | -0.99 % | ||
| S3 | 157.55 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.46 | 1.96 % | |
| R2 | 163.24 | 1.82 % | ||
| R1 | 162.04 | 1.07 % | ||
| Current price | 160.32 | |||
| Support | S1 | 157.97 | -1.47% | |
| S2 | 157.91 | -1.50% | ||
| S3 | 138.08 | -13.87% |
WMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.140 | 0.0857% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.140 | 0.0996% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.140 | 0.117% |
| 4 | May 18, 2023 | May 31, 2023 | Sep 15, 2023 | $0.140 | 0.117% |
| 5 | Feb 02, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.120 | 0.150% |
FAQ
Click here for our free guide on how to buy Advanced Drainage Systems Inc Stock.
