ADVM Stock Forecast

ADVM stock price down 1.76% on Thursday
(Updated on Apr 18, 2024)

ADVM Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -30.57%. 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). ADVM 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 ADVM stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.62. On a fall, the stock will find some support from the long-term average at approximately $8.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for ADVM stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.570 between high and low, or 5.18%. For the last week, the stock has had daily average volatility of 5.15%.

ADVM is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $10.57 (-5.16%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 3 which reduces the risk some. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (ADVM) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect ADVM to open at $11.24, and during the day (based on 14 day Average True Range), to move between $10.25 and $12.05, which gives a possible trading interval of +/-$0.90 (+/-8.10%) up or down from last closing price. If ADVM takes out the full calculated possible swing range there will be an estimated 16.20% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $11.97, some $0.82 (7.35%) from the current price of $11.15, our system finds the risk reward not very attractive.

Is ADVM stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ADVM stock to perform well in the short-term.

Current score: 2.006 Buy Candidate Unchanged

Predicted Opening Price for ADVM of Friday, April 19, 2024

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