Big movements in American Virtual Cloud Technologies Inc stock price on Friday moving 20.00% between high and low

StockInvest.us, 2 months ago

American Virtual Cloud Technologies Inc

The American Virtual Cloud Technologies Inc stock price fell by -32.42% on the last day (Friday, 30th Sep 2022) from $0.30 to $0.20. During the last trading day the stock fluctuated 20.00% from a day low at $0.18 to a day high of $0.21. The price has risen in 6 of the last 10 days and is up by 8.97% over the past 2 weeks. Volume has increased on the last day by 86 million 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, 159 million shares were bought and sold for approximately $32.14 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.16 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -2.47% during the next 3 months and, with a 90% probability hold a price between $0.16 and $0.44 at the end of this 3-month period.

American Virtual Cloud Technologies Inc

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 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. On corrections up, there will be some resistance from the lines at $0.29 and $0.23. 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 23, 2022, and so far it has fallen -40.37%. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $0.19 and $0.19.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, American Virtual Cloud Technologies Inc finds support just below today's level at $0.19. If this is broken, then the next support from accumulated volume will be at $0.19 and $0.17.

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 $0.0350 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 21.10%.

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.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.

Check full American Virtual Cloud Technologies Inc forecast and analysis here.