High volatility in Atossa Genetics Inc. stock price on Wednesday which ended trading at $7.15StockInvest.us, 3 months ago
The Atossa Genetics Inc. stock price gained 1.85% on the last trading day (Wednesday, 23rd Jun 2021), rising from $7.02 to $7.15. , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 11.66% from a day low at $6.52 to a day high of $7.28. The price has risen in 8 of the last 10 days and is up by 62.5% over the past 2 weeks. Volume fell on the last day by -54 million shares and in total, 22 million shares were bought and sold for approximately $158.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Maxim Group is very positive about ATOS and gave it a "Buy" rating on September 18, 2020. The price target was set to $8.00.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.77, a level that may pose a second chance to hit a runner. According to fan-theory $9.08 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Mostly positive signals in the chart today. The Atossa Genetics Inc. 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 $5.69 and $3.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 10, 2021, and so far it has risen 75.68%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Atossa Genetics Inc. finds support from accumulated volume at $7.02 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 $0.76 between high and low, or 11.66%. For the last week, the stock has had a daily average volatility of 15.36%.
Since the Atossa Genetics Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Atossa Genetics Inc. stock to perform well in the short-term period.Check full Atossa Genetics Inc. forecast and analysis here.