Analysis of Advantage Solutions Inc. (NASDAQ: ADV) for Short-Term Investment Strategy Volatility and Recent Performance Beta: 2.24, indicating high volatility compared to the market. Recent Price Performance: 1 Week: +26.26% 1 Month: -13.19% 3 Months: -6.37% 6 Months: +41.24% Year to Date: +20.19% 1 Year: -3.1% Market Position Market Capitalization: $0.806 Billion...
ADV: Advantage Solutions Inc. 2021-11-09 16:05:00 Advantage Solutions Announces $100 Million Share Repurchase Authorization
Here is a bullish bat-harmonic pattern that I expect to complete in several weeks to a month. On the back of this bullish-bat harmonic is the potential setup of a deep-crab harmonic with it's extension at $17. This trade seems to be indicating a potential 100% gain over several months. Please see the chart for the exact entry price. If the trade goes...
Contextual immersion trading strategy idea. Advantage Solutions Inc. provides outsourced solutions to consumer goods companies and retailers in North America and internationally. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from...
I've added 3 arrows. These are what I believe to be the 3 most likely general moves that could be made in the short term; A, B & C. Of the 3, I believe that B is most probable as the MACD also seems to be informing us of this move. Staying near or above the yellow line is the most bullish scenario, but not the only one. Time will tell.
I've added a red line which is just just the slope of the previous bull trend. Will it continue to ride the yellow line? We shall see.
The yellow trend line has held incredibly well so far. I don't expect it to stay within the channel for ever, but I think it might have at least one more push before falling back to the orange trend line. I believe the dump upon the merger was the catalyst for a new bullish trend. Added volatility couldn't hurt. Ultimately I think this stock will probably get...
*this is not financial advice* I've updated the colors of the lines, but I have not changed the angles or positions of the lines from my first post. The blue line is the top of the channel, the yellow line is what I've determined to be the bottom of the channel, and the orange line is a sort of "last stand" for bullish momentum. So far, this price has been moving...
The green arrow and the orange arrow are my 2 most likely short-term price action predictions.
Looks like on the daily time frame, the price action is getting caught under this red line. It will need to bounce back above this level quickly to resume current "bullish" trend.
If the blue channel breaks to the downside, then I'll be looking for support around the next red line.
It appears that this stock is currently defining a channel.
The 3rd presidential debate, coinciding with record covid cases, and the ADV merger. Was a day that many stocks took a hit. For this one, it looks to me it looks like a potential catalyst in the charts. I've drawn 2 channels, it's broken the down trending channel. Large spac, now post merger.