Analog Devices 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
Analog Devices stock price ended at $187.58 on Thursday, after losing 0.98%.
(Updated on Apr 18, 2024)
The Analog Devices stock price fell by -0.98% on the last day (Thursday, 18th Apr 2024) from $189.43 to $187.58. During the last trading day the stock fluctuated 1.93% from a day low at $186.60 to a day high of $190.20. The price has been going up and down for this period, and there has been a -2.28% 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 -144 thousand shares and in total, 3 million shares were bought and sold for approximately $486.80 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $184.93 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Analog Devices stock with a 90% probability to be traded between $185.23 and $204.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ADI Signals & Forecast
There are few to no technical positive signals at the moment. The Analog Devices 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 $192.25 and $194.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.10%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Analog Devices stock
Analog Devices finds support from accumulated volume at $187.54 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 $3.60 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $175.88 (-6.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ADI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Analog Devices to open at $188.13, and during the day (based on 14 day Average True Range), to move between $182.70 and $192.46, which gives a possible trading interval of +/-$4.88 (+/-2.60%) up or down from last closing price. If Analog Devices takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $187.54 (0.02%) than the resistance at $193.72 (3.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Analog Devices stock A Buy?
Analog Devices holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.866 Hold/Accumulate Unchanged
Predicted Opening Price for Analog Devices of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $188.13 ( 0.291%) | $187.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.73 | 2.21 % | |
| R2 | 190.35 | 1.48 % | ||
| R1 | 189.50 | 1.02 % | ||
| Current price: | 187.58 | |||
| Support | S1 | 186.75 | -0.442 % | |
| S2 | 185.90 | -0.89 % | ||
| S3 | 184.53 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.20 | 4.06 % | |
| R2 | 194.05 | 3.45 % | ||
| R1 | 193.72 | 3.27 % | ||
| Current price | 187.58 | |||
| Support | S1 | 187.54 | -0.0213% | |
| S2 | 186.32 | -0.672% | ||
| S3 | 184.69 | -1.54% |
ADI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 04, 2024 | Mar 15, 2024 | $0.92 | 0.471% |
| 2 | Nov 21, 2023 | Dec 01, 2023 | Dec 14, 2023 | $0.86 | 0.430% |
| 3 | Aug 22, 2023 | Sep 01, 2023 | Sep 14, 2023 | $0.86 | 0.479% |
| 4 | May 23, 2023 | Jun 02, 2023 | Jun 14, 2023 | $0.86 | 0.448% |
| 5 | Feb 14, 2023 | Feb 27, 2023 | Mar 08, 2023 | $0.86 | 0.461% |
FAQ
Click here for our free guide on how to buy Analog Devices Stock.
