ADS:ADCB
Delisted

Abu Dhabi Commercial Bank Stock Forecast

$7.48
-0.0700 (-0.93%)
At Close: Dec 05, 2019
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Abu Dhabi Commercial Bank stock price ended at $7.48 on Thursday, after losing 0.93%.
(Updated on Dec 05, 2019)

Sell candidate since Nov 27, 2019 Loss -3.11% PDF

The Abu Dhabi Commercial Bank stock price fell by -0.93% on the last day (Thursday, 5th Dec 2019) from $7.55 to $7.48. During the last trading day the stock fluctuated 1.21% from a day low at $7.46 to a day high of $7.55. The price has been going up and down for this period, and there has been a -0.27% 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 million shares and in total, 3 million shares were bought and sold for approximately $23.32 million.

The stock lies in the middle of a 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 -8.60% during the next 3 months and, with a 90% probability hold a price between $6.44 and $7.13 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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ADCB.UH Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Abu Dhabi Commercial Bank 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 $7.58 and $7.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, December 01, 2019. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Abu Dhabi Commercial Bank stock

Abu Dhabi Commercial Bank finds support from accumulated volume at $7.46 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 0.534%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADCB.UH) For The Upcoming Trading Day Of Sunday 8th

For the upcoming trading day on Sunday, 8th we expect Abu Dhabi Commercial Bank to open at $7.50, and during the day (based on 14 day Average True Range), to move between $7.38 and $7.58, which gives a possible trading interval of +/-$0.102 (+/-1.37%) up or down from last closing price. If Abu Dhabi Commercial Bank takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.46 (0.27%) than the resistance at $7.79 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Abu Dhabi Commercial Bank stock A Buy?

Abu Dhabi Commercial Bank holds several negative signals and is within a 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: -3.401 Sell Candidate Unchanged

Predicted Opening Price for Abu Dhabi Commercial Bank of Sunday, December 8, 2019

Fair opening price December 8, 2019 Current price
$7.50 ( 0.223%) $7.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADCB.UH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.59 1.43 %
R2 7.55 0.97 %
R1 7.53 0.682 %
Current price: 7.48
Support S1 7.46 -0.237 %
S2 7.44 -0.521 %
S3 7.41 -0.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.09 8.16 %
R2 7.80 4.28 %
R1 7.79 4.14 %
Current price 7.48
Support S1 7.46 -0.267%
S2 0 .
S3 0 .

FAQ

What is the symbol for Abu Dhabi Commercial Bank Stock and on which exchange is it traded?
The symbol for Abu Dhabi Commercial Bank is ADCB.UH and it is traded on the ADS (Abu Dhabi Securities Exchange).

Should I buy or sell Abu Dhabi Commercial Bank Stock?
Abu Dhabi Commercial Bank holds several negative signals and is within a 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.

How to buy Abu Dhabi Commercial Bank Stock?
Abu Dhabi Commercial Bank Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Abu Dhabi Commercial Bank Stock.

What's the current price of Abu Dhabi Commercial Bank Stock?
As of the end of day on the 2019-12-05, the price of an Abu Dhabi Commercial Bank (ADCB.UH) share was $7.48.

What is the 52-week high and low for Abu Dhabi Commercial Bank Stock?
The 52-week high for Abu Dhabi Commercial Bank Stock is $10.26 and the 52-week low is $7.37.
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