Ares Acquisition Corporation Ii Stock Forecast

Evaluation of Ares Acquisition Corporation Ii stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

AACT Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ares Acquisition Corporation Ii stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.65 and $10.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.187%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ares Acquisition Corporation Ii stock

Ares Acquisition Corporation Ii finds support from accumulated volume at $10.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 0.188%. For the last week the stock has had daily average volatility of 0.122%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AACT) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ares Acquisition Corporation Ii to open at $10.66, and during the day (based on 14 day Average True Range), to move between $10.63 and $10.67, which gives a possible trading interval of +/-$0.0151 (+/-0.14%) up or down from last closing price. If Ares Acquisition Corporation Ii takes out the full calculated possible swing range there will be an estimated 0.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.65 (0.05%) than the resistance at $10.66 (0.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ares Acquisition Corporation Ii stock A Buy?

Ares Acquisition Corporation Ii holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.791 Sell Candidate Downgraded

Predicted Opening Price for Ares Acquisition Corporation Ii of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.