High volatility in American Battery stock price on Monday which ended trading at $1.17

The American Battery stock price gained 15.84% on the last trading day (Monday, 6th Mar 2023), rising from $1.01 to $1.17. 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 36.54% from a day low at $1.04 to a day high of $1.42. The price has risen in 7 of the last 10 days and is up by 89.83% 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, 6 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $15.50 million.

Alliance Global Partners is very positive about ABML and gave it a "" rating on Jun 21, 2021. The price target was set to 3.5.

Given the current short-term trend, the stock is expected to rise 42.7% during the next 3 months and, with a 90% probability hold a price between $0.94 and $1.67 at the end of this 3-month period.

Mostly positive signals in the chart today. The American Battery 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 $0.84 and $0.674. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, December 30, 2022, and so far it has risen 187.54%. Further rise is indicated until a new top pivot has been found. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $1.01.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.380 between high and low, or 36.54%. For the last week, the stock has had daily average volatility of 26.82%.

The American Battery stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

American Battery holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.