RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMTX
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Big movements in Aemetis stock price on Thursday moving 13.11% between high and low
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 64.11% PDF

The Aemetis stock price fell by -0.498% on the last day (Thursday, 28th Mar 2024) from $6.02 to $5.99. During the last trading day the stock fluctuated 13.11% from a day low at $5.72 to a day high of $6.47. The price has risen in 6 of the last 10 days and is up by 87.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -644 thousand shares and in total, 1 million shares were bought and sold for approximately $6.42 million.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.19% during the next 3 months and, with a 90% probability hold a price between $3.01 and $6.22 at the end of this 3-month period.

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AMTX Signals & Forecast

The Aemetis stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.36 and $3.81. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.498%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Aemetis stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.57 and $5.46. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aemetis finds support just below today's level at $5.57. If this is broken, then the next support from accumulated volume will be at $5.46 and $5.10.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.750 between high and low, or 13.11%. For the last week, the stock has had daily average volatility of 20.16%.

The Aemetis stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $5.78 (-3.53%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AMTX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Aemetis to open at $6.06, and during the day (based on 14 day Average True Range), to move between $5.41 and $6.57, which gives a possible trading interval of +/-$0.583 (+/-9.73%) up or down from last closing price. If Aemetis takes out the full calculated possible swing range there will be an estimated 19.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.02 (0.50%) than the support at $5.57 (7.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Aemetis stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aemetis stock to perform well in the short-term.

Current score: 2.932 Buy Candidate Unchanged

Predicted Opening Price for Aemetis of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.06 ( 1.17%) $5.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMTX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.81 13.69 %
R2 6.52 8.91 %
R1 6.35 5.95 %
Current price: 5.99
Support S1 5.77 -3.61 %
S2 5.60 -6.57 %
S3 5.31 -11.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 6.02 0.501 %
Current price 5.99
Support S1 5.57 -7.01%
S2 5.46 -8.85%
S3 5.10 -14.86%

FAQ

What is the symbol for Aemetis Stock and on which exchange is it traded?
The symbol for Aemetis is AMTX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Aemetis Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aemetis stock to perform well in the short-term.

How to buy Aemetis Stock?
Aemetis Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aemetis Stock.

What's the current price of Aemetis Stock?
As of the end of day on the 2024-03-28, the price of an Aemetis (AMTX) share was $5.99.

What is the 52-week high and low for Aemetis Stock?
The 52-week high for Aemetis Stock is $8.99 and the 52-week low is $1.16.

What is the market capitalization of Aemetis Stock?
As of the 2024-03-28, the market capitalization of Aemetis is 236.643M.

When is the next earnings date for Aemetis?
The upcoming earnings date for Aemetis is May 02, 2024.
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About Aemetis

Aemetis Aemetis, Inc. operates as a renewable natural gas and renewable fuels company in North America and India. It operates through three segments: California Ethanol, Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the acquisition, development, and commercialization of negative carbon intensity products and technologies that replace traditional petroleum-based products. It sells biodiesel primarily to government oil marketing ... AMTX Profile

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