Atossa Genetics Stock Forecast
Atossa Genetics stock price ended at $1.49 on Tuesday, after gaining 4.93%.
(Updated on Apr 23, 2024)
The Atossa Genetics stock price gained 4.93% on the last trading day (Tuesday, 23rd Apr 2024), rising from $1.42 to $1.49. During the last trading day the stock fluctuated 7.09% from a day low at $1.41 to a day high of $1.51. The price has been going up and down for this period, and there has been a -19.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 121 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.70 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 89.53% during the next 3 months and, with a 90% probability hold a price between $2.66 and $4.42 at the end of this 3-month period.
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ATOS Signals & Forecast
There are mixed signals in the stock today. The Atossa Genetics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.56. On a fall, the stock will find some support from the short-term average at $1.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -29.05%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Atossa Genetics stock
Atossa Genetics finds support from accumulated volume at $1.42 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 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 $0.100 between high and low, or 7.09%. For the last week, the stock has had daily average volatility of 13.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATOS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Atossa Genetics Inc. to open at $1.47, and during the day (based on 14 day Average True Range), to move between $1.30 and $1.68, which gives a possible trading interval of +/-$0.187 (+/-12.54%) up or down from last closing price. If Atossa Genetics Inc. takes out the full calculated possible swing range there will be an estimated 25.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.42 (4.70%) than the resistance at $1.63 (9.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atossa Genetics Inc. stock A Buy?
Atossa Genetics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.705 Sell Candidate Unchanged
Predicted Opening Price for Atossa Genetics Inc. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$1.47 ( 1.34%) | $1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.57 | 5.37 % | |
R2 | 1.53 | 2.81 % | ||
R1 | 1.51 | 1.22 % | ||
Current price: | 1.49 | |||
Support | S1 | 1.43 | -3.91 % | |
S2 | 1.41 | -5.49 % | ||
S3 | 1.37 | -8.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.84 | 23.49 % | |
R2 | 1.75 | 17.45 % | ||
R1 | 1.63 | 9.40 % | ||
Current price | 1.49 | |||
Support | S1 | 1.42 | -4.70% | |
S2 | 1.35 | -9.40% | ||
S3 | 1.15 | -22.82% |
FAQ
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