Volatile ride for American Virtual Cloud Technologies Inc stock price on Friday moving between $0.17 and $0.23

The American Virtual Cloud Technologies Inc stock price gained 31.09% on the last trading day (Friday, 9th Sep 2022), rising from $0.17 to $0.22. During the last trading day the stock fluctuated 39.02% from a day low at $0.17 to a day high of $0.23. The price has been going up and down for this period, and there has been a 61.54% 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, 72 million more shares were traded than the day before. In total, 148 million shares were bought and sold for approximately $32.45 million.

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 -23.93% during the next 3 months and, with a 90% probability hold a price between $0.0862 and $0.34 at the end of this 3-month period.

The American Virtual Cloud Technologies 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 $0.24. On a fall, the stock will find some support from the long-term average at approximately $0.20. 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 Thursday, September 08, 2022, and so far it has risen 31.09%. 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.

American Virtual Cloud Technologies Inc finds support from accumulated volume at $0.21 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 $0.0654 between high and low, or 39.02%. For the last week, the stock has had daily average volatility of 25.57%.

American Virtual Cloud Technologies 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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.