Advanced Drainage Systems Inc Stock Forecast
Red day on Thursday for Advanced Drainage Systems Inc stock after losing 0.0637%
(Updated on Apr 18, 2024)
The Advanced Drainage Systems Inc stock price fell by -0.0637% on the last day (Thursday, 18th Apr 2024) from $156.91 to $156.81. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.78% from a day low at $156.54 to a day high of $160.89. The price has fallen in 8 of the last 10 days and is down by -5.5% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -188 thousand shares and in total, 318 thousand shares were bought and sold for approximately $49.82 million.
Given the current short-term trend, the stock is expected to rise 23.90% during the next 3 months and, with a 90% probability hold a price between $194.28 and $228.14 at the end of this 3-month period.
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WMS Signals & Forecast
There are few to no technical positive signals at the moment. The Advanced Drainage Systems Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $161.67 and $165.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -9.19%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Advanced Drainage Systems Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $138.08 and $135.05. There is a 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, Advanced Drainage Systems Inc finds support just below today's level at $138.08. If this is broken, then the next support from accumulated volume will be at $135.05 and $132.71.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.35 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
Advanced Drainage Systems Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WMS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Advanced Drainage Systems Inc to open at $158.08, and during the day (based on 14 day Average True Range), to move between $152.36 and $161.26, which gives a possible trading interval of +/-$4.45 (+/-2.84%) up or down from last closing price. If Advanced Drainage Systems Inc takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $157.97 (0.74%) than the support at $138.08 (11.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Advanced Drainage Systems Inc stock A Buy?
The Advanced Drainage Systems Inc stock holds several negative signals and despite the positive trend, we believe Advanced Drainage Systems Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.723 Sell Candidate Unchanged
Predicted Opening Price for Advanced Drainage Systems Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $158.08 ( 0.81%) | $156.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 162.43 | 3.58 % | |
| R2 | 160.77 | 2.52 % | ||
| R1 | 159.74 | 1.87 % | ||
| Current price: | 156.81 | |||
| Support | S1 | 156.42 | -0.250 % | |
| S2 | 155.39 | -0.90 % | ||
| S3 | 153.73 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.24 | 4.10 % | |
| R2 | 162.04 | 3.34 % | ||
| R1 | 157.97 | 0.740 % | ||
| Current price | 156.81 | |||
| Support | S1 | 138.08 | -11.94% | |
| S2 | 135.05 | -13.88% | ||
| S3 | 132.71 | -15.37% |
WMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.140 | 0.0857% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.140 | 0.0996% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.140 | 0.117% |
| 4 | May 18, 2023 | May 31, 2023 | Sep 15, 2023 | $0.140 | 0.117% |
| 5 | Feb 02, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.120 | 0.150% |
FAQ
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