American Virtual Cloud Technologies Inc stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.StockInvest.us, 1 week ago
No changes to the price of American Virtual Cloud Technologies Inc stock on the last trading day (Friday, 16th Sep 2022). During the last trading day the stock fluctuated 6.32% from a day low at $0.17 to a day high of $0.19. The price has fallen in 6 of the last 10 days and is down by -15.91% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -20.92% during the next 3 months and, with a 90% probability hold a price between $0.0853 and $0.35 at the end of this 3-month period.
There are few to no technical positive signals at the moment. The American Virtual Cloud Technologies 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 $0.19 and $0.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 09, 2022, and so far it has fallen -15.79%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
American Virtual Cloud Technologies Inc finds support from accumulated volume at $0.18 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 $0.0110 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 11.99%.
American Virtual Cloud Technologies Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.Check full American Virtual Cloud Technologies Inc forecast and analysis here.