High volatility in Arteris, Inc. stock price on Wednesday which ended trading at $13.82StockInvest.us, 3 weeks ago
The Arteris, Inc. stock price fell by -9.85% on the last day (Wednesday, 27th Apr 2022) from $15.33 to $13.82. During the day the stock fluctuated 17.69% from a day low at $13.34 to a day high of $15.70. The price has risen in 6 of the last 10 days and is up by 4.22% over the past 2 weeks. Volume has increased on the last day by 93 thousand 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, 237 thousand shares were bought and sold for approximately $3.27 million.
BMO Capital is very positive about AIP and gave it a "" rating on Nov 22, 2021. The price target was changed from 21.60 to 10.37.
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 -13.67% during the next 3 months and, with a 90% probability hold a price between $8.54 and $14.93 at the end of this 3-month period.
The Arteris, 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 $14.41. On a fall, the stock will find some support from the long-term average at approximately $13.48. 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. A buy signal was issued from a pivot bottom point on Monday, March 07, 2022, and so far it has risen 20.07%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Arteris, Inc. finds support from accumulated volume at $13.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.36 between high and low, or 17.69%. For the last week, the stock has had a daily average volatility of 10.20%.
Arteris, 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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.Check full Arteris, Inc. forecast and analysis here.