Aehr Test Systems Stock Forecast
High volatility in Aehr Test Systems stock price on Wednesday which ended trading at $12.46
(Updated on Mar 27, 2024)
The Aehr Test Systems stock price gained 11.55% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.17 to $12.46. During the last trading day the stock fluctuated 12.31% from a day low at $11.21 to a day high of $12.59. The price has fallen in 7 of the last 10 days and is down by -17.7% for this period. Volume fell on the last day by -121 thousand shares and in total, 2 million shares were bought and sold for approximately $22.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.58% during the next 3 months and, with a 90% probability hold a price between $8.00 and $14.62 at the end of this 3-month period.
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AEHR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 11.55%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aehr Test Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.41 and $15.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aehr Test Systems stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.37 and $11.17. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $11.17 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.38 between high and low, or 12.31%. For the last week, the stock has had daily average volatility of 10.52%.
Aehr Test Systems is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEHR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Aehr Test Systems to open at $12.09, and during the day (based on 14 day Average True Range), to move between $11.33 and $13.59, which gives a possible trading interval of +/-$1.13 (+/-9.07%) up or down from last closing price. If Aehr Test Systems takes out the full calculated possible swing range there will be an estimated 18.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.37 (8.75%) than the resistance at $14.52 (16.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aehr Test Systems stock A Buy?
Aehr Test Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.314 Sell Candidate Upgraded
Predicted Opening Price for Aehr Test Systems of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.09 ( 3.00%) | $12.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEHR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.47 | 8.08 % | |
R2 | 12.94 | 3.85 % | ||
R1 | 12.61 | 1.23 % | ||
Current price: | 12.46 | |||
Support | S1 | 11.56 | -7.23 % | |
S2 | 11.23 | -9.84 % | ||
S3 | 10.71 | -14.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.10 | 21.19 % | |
R2 | 14.85 | 19.18 % | ||
R1 | 14.52 | 16.53 % | ||
Current price | 12.46 | |||
Support | S1 | 11.37 | -8.75% | |
S2 | 11.17 | -10.35% | ||
S3 | 0 | . |
FAQ
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