Advanced Drainage Systems Inc 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
Advanced Drainage Systems Inc stock price up 0.96% on Wednesday
(Updated on May 01, 2024)
The Advanced Drainage Systems Inc stock price gained 0.96% on the last trading day (Wednesday, 1st May 2024), rising from $157.00 to $158.51. During the last trading day the stock fluctuated 3.75% from a day low at $156.00 to a day high of $161.85. The price has risen in 7 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 308 thousand more shares were traded than the day before. In total, 667 thousand shares were bought and sold for approximately $105.80 million.
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 5.91% during the next 3 months and, with a 90% probability hold a price between $150.37 and $187.87 at the end of this 3-month period.
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WMS Signals & Forecast
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 Advanced Drainage Systems Inc 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 $160.42 and $164.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -8.21%. 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).
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 $5.85 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 3.26%.
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 2nd
For the upcoming trading day on Thursday, 2nd we expect Advanced Drainage Systems Inc to open at $158.79, and during the day (based on 14 day Average True Range), to move between $153.85 and $163.17, which gives a possible trading interval of +/-$4.66 (+/-2.94%) 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 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $157.97 (0.34%) than the resistance at $162.04 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Drainage Systems Inc stock A Buy?
The Advanced Drainage Systems Inc stock holds several negative signals and despite the positive trend, we believe Advanced Drainage Systems Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.016 Sell Candidate Unchanged
Predicted Opening Price for Advanced Drainage Systems Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $158.79 ( 0.173%) | $158.51 |
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 | 164.63 | 3.86 % | |
| R2 | 162.40 | 2.45 % | ||
| R1 | 161.02 | 1.58 % | ||
| Current price: | 158.51 | |||
| Support | S1 | 156.55 | -1.24 % | |
| S2 | 155.17 | -2.11 % | ||
| S3 | 152.94 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.46 | 3.12 % | |
| R2 | 163.24 | 2.98 % | ||
| R1 | 162.04 | 2.23 % | ||
| Current price | 158.51 | |||
| Support | S1 | 157.97 | -0.341% | |
| S2 | 157.91 | -0.379% | ||
| S3 | 138.08 | -12.89% |
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
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