This analysis focuses on the Advanced Blockchain stock, which is listed under the “Software and Services” segment. The stock is trading on December 12, 2022 at 9:34 p.m. on its home exchange Xetra at EUR 3,195.
Our team of analysts analyzed Advanced Blockchain based on this market assessment. A total of 4 factors lead to the individual ratings like “Buy”, “Hold” or “Sell”. From there, an overall rating is determined in the last step.
1. Relative Strength Index: An important technical analysis signal, the Relative Strength Index, or RSI, correlates the highs and lows of price movements over an exemplary 7-day period. Values between 0 and 30 are considered “oversold”, values between 70 and 100 are considered “overbought” and values in between are considered neutral. Advanced Blockchain’s RSI translates to a holding rating at a level of 43.75. The 25-day RSI25 at 55.52 indicates a holding view at this level. This sets the overall rating to “Hold”.
2. Sentiment and Buzz: In addition to the analyzes of the banks, the benchmark for the mood around stocks is also the long-term mood of investors and Internet users. The number of posts over a longer period and the evolution of sentiment give a good long-term picture of sentiment. We reviewed Advanced Blockchain stocks for both of these factors. The number of messages or the intensity of the discussion showed below average activity, from which we believe that a rating of “selling” can be generated. The sentiment change rate for the advanced blockchain shows little change by our measurement. This corresponds to a “hold” note. In this regard, we give Advanced Blockchain stock a “Sell” rating in terms of long-term sentiment.
3. Technical Analysis: Trend following indicators are meant to indicate whether a security is currently in an uptrend or a downtrend (see Wikipedia). The moving average is one such indicator, here we are looking at the 50 and 200 day moving averages. Let’s first look at the longer-term average of the past 200 trading days. For the Advanced Blockchain share, it is currently EUR 6.67. The last closing price (EUR 3,195) is therefore significantly lower (difference of -52.1% in comparison). Based on this, Advanced Blockchain receives a “Sell” rating. Now let’s look at the 50-day short-term average: it is currently EUR 3.13, which is why the latest closing price is at a similar level (+2.08%). This means that based on this shorter-term analysis, Advanced Blockchain is rated differently, giving the stock a “Hold” rating. Overall, Advanced Blockchain receives a “Hold” rating based on trend-following indicators.
Buy, hold or sell – Your advanced blockchain analysis of 13.12. gives the answer:
How will Advanced Blockchain evolve now? Is an entry worth it or should investors sell instead? Find out the answers to these questions and why you need to act now in the latest advanced blockchain analysis.