AMTD IDEA Group Stock Forecast
AMTD IDEA Group stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The AMTD IDEA Group stock price fell by -2.29% on the last day (Friday, 19th Apr 2024) from $1.75 to $1.71. During the last trading day the stock fluctuated 6.59% from a day low at $1.67 to a day high of $1.78. The price has risen in 6 of the last 10 days and is up by 3.01% over the past 2 weeks. Volume has increased on the last day by 63 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, 86 thousand shares were bought and sold for approximately $146.49 thousand.
The stock lies in the lower part of a 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 $1.66 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 2.25% during the next 3 months and, with a 90% probability hold a price between $1.70 and $1.97 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMTD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMTD IDEA Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.75 and $1.73. A break-up above any of these levels will issue buy signals. AMTD IDEA Group 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".
Support, Risk & Stop-loss for AMTD IDEA Group stock
AMTD IDEA Group finds support from accumulated volume at $1.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMTD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect AMTD IDEA Group to open at $1.72, and during the day (based on 14 day Average True Range), to move between $1.63 and $1.79, which gives a possible trading interval of +/-$0.0828 (+/-4.84%) up or down from last closing price. If AMTD IDEA Group takes out the full calculated possible swing range there will be an estimated 9.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.70 (0.58%) than the resistance at $1.74 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMTD IDEA Group stock A Buy?
The AMTD IDEA Group stock holds several negative signals and despite the positive trend, we believe AMTD IDEA Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.634 Sell Candidate Downgraded
Predicted Opening Price for AMTD IDEA Group of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.72 ( 0.585%) | $1.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMTD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.83 | 7.02 % | |
| R2 | 1.79 | 4.56 % | ||
| R1 | 1.76 | 3.04 % | ||
| Current price: | 1.71 | |||
| Support | S1 | 1.68 | -1.87 % | |
| S2 | 1.65 | -3.39 % | ||
| S3 | 1.61 | -5.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 5.26 % | |
| R2 | 1.75 | 2.34 % | ||
| R1 | 1.74 | 1.75 % | ||
| Current price | 1.71 | |||
| Support | S1 | 1.70 | -0.585% | |
| S2 | 1.69 | -1.17% | ||
| S3 | 1.65 | -3.51% |
AMTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2020 | Aug 06, 2020 | Aug 21, 2020 | $0.310 | 0.795% |
| 2 | Apr 22, 2020 | May 05, 2020 | May 20, 2020 | $0.310 | 0.82% |
| 3 | Jan 22, 2020 | Feb 04, 2020 | Feb 19, 2020 | $0.310 | 0.611% |
| 4 | Oct 21, 2019 | Nov 04, 2019 | Nov 19, 2019 | $0.310 | 0.646% |
| 5 | Jul 22, 2019 | Aug 05, 2019 | Aug 20, 2019 | $0.300 | 0.538% |
FAQ
Click here for our free guide on how to buy AMTD IDEA Group Stock.
