Aspen Group Inc Stock Forecast
Big movements in Aspen Group Inc stock price on Tuesday moving 17.26% between high and low
(Updated on Apr 23, 2024)
The Aspen Group Inc stock price gained 10.21% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.235 to $0.259. During the last trading day the stock fluctuated 17.26% from a day low at $0.230 to a day high of $0.270. The price has fallen in 8 of the last 10 days and is down by -7.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $1.18 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 52.57% during the next 3 months and, with a 90% probability hold a price between $0.331 and $0.463 at the end of this 3-month period.
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ASPU Signals & Forecast
The Aspen Group Inc 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 $0.250 and $0.246. A breakdown below any of these levels will issue sell signals. Aspen Group Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, April 03, 2024, and so far it has fallen -7.50%. 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).
Support, Risk & Stop-loss for Aspen Group Inc stock
Aspen Group Inc finds support from accumulated volume at $0.250 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 $0.0397 between high and low, or 17.26%. For the last week, the stock has had daily average volatility of 15.45%.
Our recommended stop-loss: $0.246 (-5.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ASPU) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Aspen Group Inc to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.235 and $0.283, which gives a possible trading interval of +/-$0.0242 (+/-9.34%) up or down from last closing price. If Aspen Group Inc takes out the full calculated possible swing range there will be an estimated 18.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.260 (0.39%) than the support at $0.250 (3.51%), 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 Group Inc 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 Aspen Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.685 Buy Candidate Upgraded
Predicted Opening Price for Aspen Group Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.253 ( 2.36%) | $0.259 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.293 | 12.97 % | |
| R2 | 0.277 | 7.12 % | ||
| R1 | 0.268 | 3.50 % | ||
| Current price: | 0.259 | |||
| Support | S1 | 0.238 | -8.21 % | |
| S2 | 0.228 | -11.83 % | ||
| S3 | 0.213 | -17.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 7.99 % | |
| R2 | 0.277 | 6.85 % | ||
| R1 | 0.260 | 0.386 % | ||
| Current price | 0.259 | |||
| Support | S1 | 0.250 | -3.51% | |
| S2 | 0.220 | -15.06% | ||
| S3 | 0.217 | -16.22% |
FAQ
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