Aterian Stock Forecast
Aterian stock price up 3.18% on Wednesday
(Updated on Apr 24, 2024)
The Aterian stock price gained 3.18% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.20 to $2.27. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.95% from a day low at $2.15 to a day high of $2.34. The price has fallen in 6 of the last 10 days and is down by -12.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 85 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately $298.88 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 185.37% during the next 3 months and, with a 90% probability hold a price between $3.75 and $12.35 at the end of this 3-month period.
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ATER Signals & Forecast
The Aterian 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 $2.15 and $1.79. A breakdown below any of these levels will issue sell signals. Aterian 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. Higher liquidity also reduces the general risk. 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 Friday, March 22, 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).
Support, Risk & Stop-loss for Aterian stock
Aterian finds support from accumulated volume at $2.26 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 $0.193 between high and low, or 8.95%. For the last week, the stock has had daily average volatility of 10.77%.
Our recommended stop-loss: $2.15 (-5.37%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (ATER) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aterian, Inc. to open at $2.25, and during the day (based on 14 day Average True Range), to move between $1.95 and $2.59, which gives a possible trading interval of +/-$0.318 (+/-14.02%) up or down from last closing price. If Aterian, Inc. takes out the full calculated possible swing range there will be an estimated 28.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.26 (0.44%) than the resistance at $2.47 (8.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aterian, 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 Aterian stock to perform well in the short-term.
Current score: 2.096 Buy Candidate Unchanged
Predicted Opening Price for Aterian, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $2.25 ( 0.698%) | $2.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.45 | 7.78 % | |
| R2 | 2.37 | 4.54 % | ||
| R1 | 2.33 | 2.54 % | ||
| Current price: | 2.27 | |||
| Support | S1 | 2.18 | -3.94 % | |
| S2 | 2.14 | -5.94 % | ||
| S3 | 2.06 | -9.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.74 | 20.70 % | |
| R2 | 2.58 | 13.66 % | ||
| R1 | 2.47 | 8.81 % | ||
| Current price | 2.27 | |||
| Support | S1 | 2.26 | -0.441% | |
| S2 | 2.20 | -3.08% | ||
| S3 | 2.05 | -9.69% |
FAQ
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