Adm Tronics Unlimited Inc Stock Forecast
Adm Tronics Unlimited Inc stock price took a fall of -6.25% on Thursday
(Updated on Apr 18, 2024)
The Adm Tronics Unlimited Inc stock price fell by -6.25% on the last day (Thursday, 18th Apr 2024) from $0.0800 to $0.0750. During the last trading day the stock fluctuated 6.67% from a day low at $0.0750 to a day high of $0.0800. The price has fallen in 4 of the last 10 days and is down by -21.05% for this period. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 thousand shares were bought and sold for approximately $3.75 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0743 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.67% during the next 3 months and, with a 90% probability hold a price between $0.0770 and $0.121 at the end of this 3-month period.
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ADMT Signals & Forecast
There are few to no technical positive signals at the moment. The Adm Tronics Unlimited 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 $0.0849 and $0.0890. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -35.10%. 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). Adm Tronics Unlimited Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Adm Tronics Unlimited Inc stock
Adm Tronics Unlimited Inc finds support from accumulated volume at $0.0727 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0050 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: $0.0719 (-4.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (ADMT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Adm Tronics Unlimited Inc to open at $0.0767, and during the day (based on 14 day Average True Range), to move between $0.0659 and $0.0841, which gives a possible trading interval of +/-$0.0091 (+/-12.09%) up or down from last closing price. If Adm Tronics Unlimited Inc takes out the full calculated possible swing range there will be an estimated 24.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0727 (3.12%) than the resistance at $0.0800 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adm Tronics Unlimited Inc stock A Buy?
Adm Tronics Unlimited Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Adm Tronics Unlimited Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.0767 ( 2.22%) | $0.0750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0817 | 8.89 % | |
| R2 | 0.0798 | 6.34 % | ||
| R1 | 0.0786 | 4.77 % | ||
| Current price: | 0.0750 | |||
| Support | S1 | 0.0748 | -0.324 % | |
| S2 | 0.0736 | -1.90 % | ||
| S3 | 0.0717 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0920 | 22.60 % | |
| R2 | 0.0870 | 16.00 % | ||
| R1 | 0.0800 | 6.67 % | ||
| Current price | 0.0750 | |||
| Support | S1 | 0.0727 | -3.12% | |
| S2 | 0.0726 | -3.20% | ||
| S3 | 0.0710 | -5.33% |
FAQ
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