Analysis Summary For Analog Devices (ADI)
Analysis Date: July 27th, 2023
Time Target: August 5th, 2023 (+/- 5 trading days)
Price Target: $207 (+/- $4)
Projected Move: 30% drop by April 23rd, 2024 (~8 months)
Our work shows that Analog Devices (ADI) will experience about 30% lose between August of 2023 and April of 2024.
Trading Recommendation:
A short position should be established at the price $207 (+/- $3) around August 5th with stop loss at $212. If ADI pushes above this level, the overall forecast will fail. A 30% decrease should follow into end of April of 2024 (about 8 months).
A more detailed analysis will be available as we get closer to the August turning point.
