Volatile ride for American Virtual Cloud Technologies Inc stock price on Friday moving between $0.32 and $0.42StockInvest.us, 4 days ago
The American Virtual Cloud Technologies Inc stock price gained 8.43% on the last trading day (Friday, 23rd Sep 2022), rising from $0.31 to $0.34. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 31.25% from a day low at $0.32 to a day high of $0.42. The price has risen in 5 of the last 10 days and is up by 53.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 307 million shares were bought and sold for approximately $103.64 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 -11.89% during the next 3 months and, with a 90% probability hold a price between $0.10 and $0.39 at the end of this 3-month period.
The American Virtual Cloud Technologies 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 $0.24 and $0.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, September 08, 2022, and so far it has risen 101.73%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the stock finds support just below today's level from accumulated volume at $0.32 and $0.31.There is a 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, American Virtual Cloud Technologies Inc finds support just below today's level at $0.32. If this is broken, then the next support from accumulated volume will be at $0.31 and $0.27.
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 $0.1000 between high and low, or 31.25%. For the last week, the stock has had daily average volatility of 29.76%.
American Virtual Cloud Technologies Inc holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect American Virtual Cloud Technologies Inc stock will perform very well in the next 3 months.Check full American Virtual Cloud Technologies Inc forecast and analysis here.