High volatility in American Battery Metals Corporation stock price on Tuesday which ended trading at $2.49StockInvest.us, 4 months ago
The American Battery Metals Corporation stock price gained 4.41% on the last trading day (Tuesday, 25th May 2021), rising from $2.38 to $2.49. , and has now gained 5 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 day the stock fluctuated 15.42% from a day low at $2.27 to a day high of $2.62. The price has risen in 7 of the last 10 days and is up by 64.57% 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, 149 thousand more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $24.17 million.
Given the current short-term trend, the stock is expected to fall -17.50% during the next 3 months and, with a 90% probability hold a price between $0.68 and $2.05 at the end of this 3-month period.
Mostly positive signals in the chart today. The American Battery Metals Corporation 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 $1.90 and $1.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 20, 2021, and so far it has risen 138.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
American Battery Metals Corporation finds support from accumulated volume at $2.38 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 $0.35 between high and low, or 15.42%. For the last week, the stock has had a daily average volatility of 15.54%.
American Battery Metals Corporation holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect American Battery Metals Corporation stock will perform very well in the next 3 months.Check full American Battery Metals Corporation forecast and analysis here.