ADI Forecast and Technical Stock Analysis
Sell candidate since 2019-10-07 Loss -0.45% PDF
Analog Devices fell by -0.79% in the last day ( Monday, 14th Oct 2019 ) from $111.22 to $110.34 During the day the stock fluctuated 0.92% from a day low at $109.99 to a day high of $111.00. The price has been going up and down for this period, and there has been a -1.24% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.91 million shares and in total 1.70 million shares bought and sold for approximately $187.37 million.
- 30 day high of the ADI stock price was $116.84 and low was $106.09.
- 90 day high was $124.79 and low was $103.72.
- 52 week high for Analog Devices - $124.79 and low - $76.62.
Analog Devices 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 -4.76% during the next 3 months and, with 90% probability hold a price between $96.10 and $113.64 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Analog Devices holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $111.59. On a fall, the stock will find some support from the short-term average at $109.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday October 11, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Analog Devices finds support from accumulated volume at $108.59.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.01 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.34 %Average volatility
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|ADI $110.34 ($-0.88 -0.79%)|
ADI is down $0.88 today, but where's it headed in 2019?
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