On December 30, 2022, 8:46 a.m., Advanced Blockchain is listed on the Xetra exchange at 2.93 EUR. Advanced Blockchain belongs to the “Software and Services” segment.
We analyzed this share in 4 points and gave it the rating “Buy”, “Hold” and “Sell”. At the end of the analysis, you will find the resulting overall rating.
1. Relative Strength Index: With the help of the Relative Strength Index (RSI), a technical analysis indicator, it is possible to determine whether a security is “overbought” or “oversold”. To do this, the upward and downward movements of an underlying asset are compared over time. Let’s look at the last 7-day RSI for the Advanced Blockchain stock: it currently sits at 82.05. As a result, the security is overbought and we therefore assign it a “sell” rating. The RSI for the last 25 trading days is less volatile than the RSI7 and adds a longer-term perspective to our analysis. Unlike the RSI of the last 7 trading days, Advanced Blockchain is neither overbought nor oversold on this basis. The stock’s deviating rating for the 25-day RSI is therefore a “hold” rating. Overall, RSI analysis on the advanced blockchain provides a “sell” rating.
2. Sentiment and Buzz: Assessing the rate of change in sentiment and the intensity of the discussion paints the following picture: Over the past month, there has been no significant trend in investor sentiment . Therefore, we evaluate this point with “Hold”. Let’s look at the intensity of the discussions over the past month. This provides information on whether an action tends to receive a lot or little attention. Investors haven’t discussed the company much more or less than usual. This results in a “Hold” rating. This gives the Advanced Blockchain stock a “Hold” rating.
3. Technical analysis: The 200 day line (GD200) of the advanced blockchain is currently at 6 EUR. This gives the stock a “Sell” rating, as the stock price itself ended at 2.93 euros and thus widened a gap of -51.17%. The ratio is different compared to the moving average price of the last 50 days. The GD50 is currently at a level of EUR 3.14. This in turn corresponds to the current difference of -6.69% for the Advanced Blockchain share and therefore a “sell” signal. The overall result based on the two periods is therefore “Sell”.
Should advanced blockchain investors sell immediately? Or is it worth starting?
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.