A2M 0.00% $6.88 the a2 milk company limited

Media Updates, page-1816

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    Just thought I would share the article below that shows some technical indicators on the A2MC.  For those with little care for TA it gives a brief description of what each indicator means.


    From my point of view the fact that it has been oversold will come as no surprise to most current holders but it does create an almost perfect situation for the SP to whipsaw back up.  Both fundamental and technical analysts will now have a2MC firmly in their sights and all it will take is a trading update to remove any doubt. For those that have done their homework you will know that fundamentally nothing has changed.  Without doubt this is one of those perfect opportunities that get gifted to you every now and then, it is just a matter of patience.


    Whilst I don't want to speculate too much but when you add to this more news of growth in the US and the possibility of major developments there, things are looking healthy for the future of the SP.  Of course we cannot forget that Synlait are building in Pokeno and this will add massive supply to alleviate the demand.  Any production of A2 IF will almost be sold instantaneously and this will be a massive boost for a2MC.  No doubt as we get closer to production there that this will be factored into the SP. 


    As a holder there is lots to look forward to over the next year from a2MC and for anyone looking at buying I would suggest you don't get too greedy because this SP will be moving north very quickly.



    https://cedarvillenews.com/smooth-kaufman-indicator-in-focus-for-the-a2-milk-company-limited-a2m-ax/168699/


    Focusing in on shares of The A2 Milk Company Limited (A2M.AX), we can see that the Kaufman Adaptive Moving Average has been trending lower over the previous five days. Traders may be watching the KAMA to identify possible near-term weakness for the stock.


    Investors may be trying to get a read on the next big stock market move. Projecting which stocks are ready to make a run can be tricky. Many investors will track the market from various angles in order to make the best educated decisions. Keeping tabs on all the important economic indicators can help when analyzing the overall health of the stock market. Some financial strategists may be projecting a sharp downturn over the next few months while others believe that there is no tangible reason for the market to lose the near-term momentum.


    Traders may be keeping a close eye on ATR indicators. The current 14-day ATR for The A2 Milk Company Limited (A2M.AX) is currently sitting at 0.33. The ATR measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.


    Checking in on some other technical levels, the 14-day RSI is currently at 37.04, the 7-day stands at 21.38, and the 3-day is sitting at 3.97. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.


    Taking a look at another technical level, The A2 Milk Company Limited (A2M.AX) presently has a 14-day Commodity Channel Index (CCI) of -202.09. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.


    A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 10.29.


    Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. The A2 Milk Company Limited (A2M.AX)’s Williams %R presently stands at -95.77. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.


    As the next company earnings season comes into focus, investors may be closely following the numbers as they are released. Some investors will choose to stay away from any big trades during earnings season. Others will opt to try to capitalize on stock price fluctuations that may occur before and after the earnings report. Wall Street analysts may be getting ready to make estimate revisions over the next couple of weeks. Investors have the ability to follow analyst estimates and recommendations when undertaking stock analysis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.

 
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Last
$6.88
Change
0.000(0.00%)
Mkt cap ! $4.973B
Open High Low Value Volume
$6.90 $6.90 $6.80 $7.266M 1.060M

Buyers (Bids)

No. Vol. Price($)
2 12501 $6.87
 

Sellers (Offers)

Price($) Vol. No.
$6.88 33092 3
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
A2M (ASX) Chart
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