ADDvantage Technologies Group Forecast and Stock Analysis
Technical AEY stock analysis for Thursday May 23, 2019.
|Price to book||USD 0.43|
|Next Earnings Date||n/a|
ADDvantage Technologies Group gained 0.19% in the last trading day ( Thursday, 23rd May 2019 ), rising from $1.34 to $1.34 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.00% from a day low at $1.34 to a day high of $1.34. The price has fallen in 5 of the last 10 days , but is still up by 3.88% over the past 2 weeks. Volume fell in the last day by -1 310 shares, and in total, 354 shares bought and sold for approximately $474.36. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AEY stock price was $1.44 and low was $1.23.
- 90 day high was $1.44 and low was $1.23.
- 52 week high for the ADDvantage Technologies Group - $1.83 and low - $1.23.
ADDvantage Technologies Group 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 -6.01% during the next 3 months and, with 90% probability hold a price between $1.16 and $1.29 at the end of this period.
ADDvantage Technologies Group holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.33 and $1.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
ADDvantage Technologies Group finds support from accumulated volume at $1.31.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $1.27 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
1.43 %Average volatility
Very Low Low Medium High Very High
ADDvantage Technologies Group holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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