AEY Forecast and Technical Stock Analysis
Buy candidate since 2019-09-20 PDF
ADDvantage Technologies Group gained 2.50% in the last trading day ( Friday, 20th Sep 2019 ), rising from $2.00 to $2.05 During the day the stock fluctuated 4.52% from a day low at $1.97 to a day high of $2.06. The price has risen in 6 of the last 10 days and is up by 15.82% over the past 2 weeks. Volume fell in the last day by -23 286 shares and in total, 22 816 shares bought and sold for approximately $46 772.80. 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 $2.20 and low was $1.71.
- 90 day high was $2.20 and low was $1.47.
- 52 week high for ADDvantage Technologies Group - $2.20 and low - $1.23.
ADDvantage Technologies Group lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.46% during the next 3 months and, with 90% probability hold a price between $2.23 and $2.59 at the end of this period.
ADDvantage Technologies Group holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $2.06. On a fall, the stock will find some support from the long-term average at approximately $1.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday September 19, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 73 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.75 and $1.66.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ADDvantage Technologies Group finds support just below today's level at $1.75. If this is broken, then the next support from accumulated volume will be at $1.66 and $1.63.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.09 between high and low, or 4.52%. For the last week the stock has had a daily average volatility of 5.88%.
Our recommended stop-loss: $1.95 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
5.88 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!