Ares Acquisition Corporation Ii Stock Forecast
Ares Acquisition Corporation Ii stock price ended at $10.67 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Ares Acquisition Corporation Ii stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.188% from a day low at $10.65 to a day high of $10.67. The price has risen in 4 of the last 10 days and is up by 0.09% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $10.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ares Acquisition Corporation Ii stock with a 90% probability to be traded between $10.66 and $10.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AACT Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Ares Acquisition Corporation Ii 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 $10.66 and $10.65. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Ares Acquisition Corporation Ii stock
Ares Acquisition Corporation Ii finds support from accumulated volume at $10.66 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 0.188%.
Our recommended stop-loss: $10.14 (-4.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AACT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st 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 $10.65 and $10.69, which gives a possible trading interval of +/-$0.0171 (+/-0.16%) 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 0.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.66, some $0.0100 (0.09%) from the current price of $10.67, our system finds the risk reward attractive.
Is Ares Acquisition Corporation Ii stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ares Acquisition Corporation Ii stock to perform well in the short-term period.
Current score: 1.360 Buy Candidate Unchanged
Predicted Opening Price for Ares Acquisition Corporation Ii of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.66 ( 0.0625%) | $10.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AACT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.68 | 0.125% |
| R2 | 10.68 | 0.0534% |
| R1 | 10.67 | 0.0091% |
| Price | 10.67 | |
| S1 | 10.66 | -0.134% |
| S2 | 10.65 | -0.178% |
| S3 | 10.64 | -0.250% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 10.67 | |
| S1 | 10.66 | -0.0937% |
| S2 | 10.65 | -0.187% |
| S3 | 10.64 | -0.281% |
FAQ
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