ATA Inc. Stock Forecast
Big movements in ATA Inc. stock price on Wednesday moving 11.11% between high and low
(Updated on Apr 17, 2024)
The ATA Inc. stock price fell by -7.91% on the last day (Wednesday, 17th Apr 2024) from $2.15 to $1.98. During the last trading day the stock fluctuated 11.11% from a day low at $1.98 to a day high of $2.20. The price has been going up and down for this period, and there has been a -17.15% loss for the last 2 weeks. Volume has increased on the last day by 259 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, 1 million shares were bought and sold for approximately $2.91 million.
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 20.25% during the next 3 months and, with a 90% probability hold a price between $2.11 and $3.19 at the end of this 3-month period.
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ATAI Signals & Forecast
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. The ATA Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.26 and $2.02. 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 08, 2024, and so far it has fallen -23.85%. Further fall is indicated until a new bottom pivot has been found. 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 ATA Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.77 and $1.74. 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, ATA Inc. finds support just below today's level at $1.77. If this is broken, then the next support from accumulated volume will be at $1.74 and $1.70.
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 $0.220 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 10.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATAI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect ATA Inc. to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.76 and $2.20, which gives a possible trading interval of +/-$0.218 (+/-11.01%) up or down from last closing price. If ATA Inc. takes out the full calculated possible swing range there will be an estimated 22.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.01 (1.52%) than the support at $1.77 (10.61%), 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 ATA Inc. stock A Buy?
The ATA Inc. stock holds several negative signals and despite the positive trend, we believe ATA Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.689 Sell Candidate Downgraded
Predicted Opening Price for ATA Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.05 ( 3.70%) | $1.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 14.81 % | |
| R2 | 2.19 | 10.57 % | ||
| R1 | 2.14 | 7.95 % | ||
| Current price: | 1.98 | |||
| Support | S1 | 1.97 | -0.541 % | |
| S2 | 1.92 | -3.16 % | ||
| S3 | 1.83 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.39 | 20.71 % | |
| R2 | 2.19 | 10.61 % | ||
| R1 | 2.01 | 1.52 % | ||
| Current price | 1.98 | |||
| Support | S1 | 1.77 | -10.61% | |
| S2 | 1.74 | -12.12% | ||
| S3 | 1.70 | -14.14% |
ATAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2018 | Aug 27, 2018 | Aug 24, 2018 | $6.00 | 0% |
| 2 | Jun 01, 2017 | Jun 08, 2017 | Jun 30, 2017 | $0.410 | 0% |
| 3 | May 29, 2014 | Jun 26, 2014 | Jul 31, 2014 | $0.410 | 0% |
| 4 | Aug 16, 2012 | Aug 16, 2012 | Sep 20, 2012 | $0.150 | 0% |
| 5 | Jun 08, 2011 | Jun 28, 2011 | Aug 01, 2011 | $0.430 | 0% |
FAQ
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