Aspen Aerogels Inc Stock Forecast
Red day on Wednesday for Aspen Aerogels Inc stock after losing 0.462%
(Updated on Apr 17, 2024)
The Aspen Aerogels Inc stock price fell by -0.462% on the last day (Wednesday, 17th Apr 2024) from $15.14 to $15.07. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.86% from a day low at $14.77 to a day high of $15.34. The price has fallen in 8 of the last 10 days and is down by -11.66% for this period. Volume has increased on the last day by 71 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, 614 thousand shares were bought and sold for approximately $9.25 million.
Given the current short-term trend, the stock is expected to rise 36.03% during the next 3 months and, with a 90% probability hold a price between $20.50 and $27.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASPN Signals & Forecast
There are few to no technical positive signals at the moment. The Aspen Aerogels Inc 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 $15.91 and $16.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -15.81%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aspen Aerogels Inc stock
Aspen Aerogels Inc finds support from accumulated volume at $14.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.570 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 4.41%.
Aspen Aerogels Inc is oversold on RSI14 (23). 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 (ASPN) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Aspen Aerogels Inc to open at $15.06, and during the day (based on 14 day Average True Range), to move between $14.22 and $15.92, which gives a possible trading interval of +/-$0.85 (+/-5.67%) up or down from last closing price. If Aspen Aerogels Inc takes out the full calculated possible swing range there will be an estimated 11.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.26 (1.26%) than the support at $14.33 (4.91%), 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 Aspen Aerogels Inc stock A Buy?
The Aspen Aerogels Inc stock holds several negative signals and despite the positive trend, we believe Aspen Aerogels Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.860 Sell Candidate Unchanged
Predicted Opening Price for Aspen Aerogels Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $15.06 ( 0.0664%) | $15.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.63 | 3.72 % | |
| R2 | 15.41 | 2.27 % | ||
| R1 | 15.28 | 1.38 % | ||
| Current price: | 15.07 | |||
| Support | S1 | 14.84 | -1.51 % | |
| S2 | 14.71 | -2.40 % | ||
| S3 | 14.49 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.17 | 13.93 % | |
| R2 | 16.85 | 11.81 % | ||
| R1 | 15.26 | 1.26 % | ||
| Current price | 15.07 | |||
| Support | S1 | 14.33 | -4.91% | |
| S2 | 12.40 | -17.72% | ||
| S3 | 11.87 | -21.23% |
ASPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 03, 2009 | Dec 03, 2009 | Dec 03, 2009 | $0.730 | 0% |
| 2 | Nov 08, 2006 | Nov 16, 2006 | Dec 06, 2006 | $0.0500 | 0% |
FAQ
Click here for our free guide on how to buy Aspen Aerogels Inc Stock.
