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Big movements in American Virtual Cloud Technologies Inc stock price on Tuesday moving 27.93% between high and low

StockInvest.us, 2 weeks ago

American Virtual Cloud Technologies Inc

The American Virtual Cloud Technologies Inc stock price gained 4.27% on the last trading day (Tuesday, 6th Sep 2022), rising from $0.21 to $0.22. During the last trading day the stock fluctuated 27.93% from a day low at $0.21 to a day high of $0.26. The price has fallen in 6 of the last 10 days but is still up by 46.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 million more shares were traded than the day before. In total, 167 million shares were bought and sold for approximately $36.68 million.

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 -26.78% during the next 3 months and, with a 90% probability hold a price between $0.0859 and $0.33 at the end of this 3-month period.

American Virtual Cloud Technologies Inc

The American Virtual Cloud Technologies Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.28. On a fall, the stock will find some support from the long-term average at approximately $0.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy 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. 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 Wednesday, August 31, 2022, and so far it has fallen -52.17%. Further fall is indicated until a new bottom pivot has been found.

American Virtual Cloud Technologies Inc finds support from accumulated volume at $0.21 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 $0.0574 between high and low, or 27.93%. For the last week, the stock has had daily average volatility of 50.75%.

American Virtual Cloud Technologies Inc 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.

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