Aqua Metals Stock Forecast
Big movements in Aqua Metals stock price on Wednesday moving 13.54% between high and low
(Updated on Apr 24, 2024)
The Aqua Metals stock price fell by -6.93% on the last day (Wednesday, 24th Apr 2024) from $0.518 to $0.482. During the last trading day the stock fluctuated 13.54% from a day low at $0.466 to a day high of $0.529. The price has fallen in 7 of the last 10 days and is down by -12.47% for this period. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 364 thousand shares were bought and sold for approximately $175.70 thousand.
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 $0.449 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.83% during the next 3 months and, with a 90% probability hold a price between $0.423 and $0.655 at the end of this 3-month period.
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AQMS Signals & Forecast
There are few to no technical positive signals at the moment. The Aqua Metals 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 $0.499 and $0.533. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -31.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aqua Metals gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Aqua Metals stock
Aqua Metals finds support from accumulated volume at $0.480 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0631 between high and low, or 13.54%. For the last week, the stock has had daily average volatility of 8.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AQMS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aqua Metals to open at $0.492, and during the day (based on 14 day Average True Range), to move between $0.435 and $0.529, which gives a possible trading interval of +/-$0.0468 (+/-9.70%) up or down from last closing price. If Aqua Metals takes out the full calculated possible swing range there will be an estimated 19.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.480 (0.44%) than the resistance at $0.523 (8.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aqua Metals will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0500. We will update the financials statements for Aqua Metals, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.20% in the first trading day after earnings release.
Is Aqua Metals stock A Buy?
Aqua Metals 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.492 Sell Candidate Downgraded
Predicted Opening Price for Aqua Metals of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.492 ( 2.14%) | $0.482 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.556 | 15.23 % | |
| R2 | 0.531 | 10.23 % | ||
| R1 | 0.517 | 7.14 % | ||
| Current price: | 0.482 | |||
| Support | S1 | 0.468 | -2.86 % | |
| S2 | 0.453 | -5.95 % | ||
| S3 | 0.429 | -10.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.538 | 11.60 % | |
| R2 | 0.532 | 10.35 % | ||
| R1 | 0.523 | 8.48 % | ||
| Current price | 0.482 | |||
| Support | S1 | 0.480 | -0.436% | |
| S2 | 0.479 | -0.643% | ||
| S3 | 0.478 | -0.91% |
FAQ
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