Volatile ride for Alpine 4 Holdings, Inc. stock price on Tuesday moving between $4.25 and $5.74

The Alpine 4 Holdings, Inc. stock price fell by -16.04% on the last day (Tuesday, 19th Oct 2021) from $5.36 to $4.50. During the day the stock fluctuated 35.06% from a day low at $4.25 to a day high of $5.74. The price has risen in 6 of the last 10 days and is up by 30.06% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 6 million shares were bought and sold for approximately $27.67 million.

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 20.76% during the next 3 months and, with a 90% probability hold a price between $2.88 and $6.49 at the end of this 3-month period.

The Alpine 4 Holdings, 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 $4.17 and $2.96. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, October 18, 2021, and so far it has fallen -16.04%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Alpine 4 Holdings, Inc. finds support from accumulated volume at $4.46 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 $1.49 between high and low, or 35.06%. For the last week, the stock has had a daily average volatility of 15.86%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alpine 4 Holdings, Inc. stock to perform well in the short-term.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.