High volatility in Aterian, Inc. stock price on Monday which ended trading at $5.11StockInvest.us, 4 weeks ago
The Aterian, Inc. stock price gained 16.40% on the last trading day (Monday, 25th Apr 2022), rising from $4.39 to $5.11. During the day the stock fluctuated 28.40% from a day low at $4.05 to a day high of $5.20. The price has been going up and down for this period, and there has been a 13.3% gain for the last 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, 22 million shares were bought and sold for approximately $114.12 million.
The last rating was given by BTIG on Mar 09, 2022. The price target was set to 2.69+11.62.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 27.77% during the next 3 months and, with a 90% probability hold a price between $3.45 and $8.52 at the end of this 3-month period.
The Aterian, 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 $5.25. On a fall, the stock will find some support from the long-term average at approximately $3.42. 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 Monday, April 18, 2022, and so far it has fallen -21.98%. Further fall is indicated until a new bottom pivot has been found.
On the downside, the stock finds support just below today's level from accumulated volume at $4.69 and $4.65.There is 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, Aterian, Inc. finds support just below today's level at $4.69. If this is broken, then the next support from accumulated volume will be at $4.65 and $4.51.
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 $1.15 between high and low, or 28.40%. For the last week, the stock has had a daily average volatility of 25.34%.
Aterian, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.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 Hold/Accumulate candidate.Check full Aterian, Inc. forecast and analysis here.