Analog Devices Stock Forecast
Analog Devices stock price ended at $189.93 on Tuesday, after gaining 1.94%.
(Updated on Apr 23, 2024)
The Analog Devices stock price gained 1.94% on the last trading day (Tuesday, 23rd Apr 2024), rising from $186.31 to $189.93. During the last trading day the stock fluctuated 2.34% from a day low at $186.49 to a day high of $190.85. The price has fallen in 6 of the last 10 days and is down by -6.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 571 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $777.44 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Analog Devices stock with a 90% probability to be traded between $183.15 and $203.86 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.
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ADI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.58%. Further rise is indicated until a new top pivot has been found. 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 Analog Devices 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 $193.61. On a fall, the stock will find some support from the short-term average at $188.30. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $189.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $4.36 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Analog Devices to open at $189.09, and during the day (based on 14 day Average True Range), to move between $185.03 and $194.83, which gives a possible trading interval of +/-$4.90 (+/-2.58%) up or down from last closing price. If Analog Devices takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $189.40 (0.28%) than the resistance at $193.72 (2.00%), 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 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: -1.130 Sell Candidate Unchanged
Predicted Opening Price for Analog Devices of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$189.09 ( 0.444%) | $189.93 |
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 | 193.45 | 1.85 % | |
R2 | 191.78 | 0.97 % | ||
R1 | 190.75 | 0.433 % | ||
Current price: | 189.93 | |||
Support | S1 | 187.42 | -1.32 % | |
S2 | 186.39 | -1.86 % | ||
S3 | 184.73 | -2.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 195.20 | 2.77 % | |
R2 | 194.05 | 2.17 % | ||
R1 | 193.72 | 2.00 % | ||
Current price | 189.93 | |||
Support | S1 | 189.40 | -0.279% | |
S2 | 188.24 | -0.89% | ||
S3 | 184.69 | -2.76% |
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
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