ADDvantage Technologies Group Forecast and Stock Analysis
Technical AEY stock analysis for March 19, 2019.
ADDvantage Technologies Group fell by -1.44% in the last day from $1.39 to $1.37 The price has fallen in 4 of the last 10 days . Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -34 302 shares and in total 30 050 shares bought and sold for approximately $41 168.50.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the AEY stock was $1.37. This is 1.44% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 2.92% from a day low at $1.37 to a day high of $1.41.
30 day high of the AEY stock price was $1.41 and low was $1.35.
90 day high was $1.50 and low was $1.27.
52 week high for the ADDvantage Technologies Group - $1.83 and low - $1.21.
Given the current horizontal trend you can expect ADDvantage Technologies Group with 90% probability to be traded between $1.23 and $1.43 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Some negative signals were issued as well, and these may have some influence on the near short-term development. ADDvantage Technologies Group holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.39. On a fall, the stock will find some support from the short-term average at $1.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
ADDvantage Technologies Group finds support from accumulated volume at $1.36.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
ADDvantage Technologies Group 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.