ACT Aurora Control Technologies Corp Stock Forecast
ACT Aurora Control Technologies Corp stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The ACT Aurora Control Technologies Corp stock price gained 0.271% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0369 to $0.0370. During the last trading day the stock fluctuated 0% from a day low at $0.0370 to a day high of $0.0370. The price has been going up and down for this period, and there has been a -9.76% loss 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, 67 more shares were traded than the day before. In total, 67 shares were bought and sold for approximately $2.48 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ACT Aurora Control Technologies Corp stock with a 90% probability to be traded between $0.0332 and $0.0419 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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AACTF Signals & Forecast
The ACT Aurora Control Technologies Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0365 and $0.0365. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 3.06%. Further rise is indicated until a new top pivot has been found. ACT Aurora Control Technologies Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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).
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 7.84% to $0.0399 within 4 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for ACT Aurora Control Technologies Corp stock
ACT Aurora Control Technologies Corp finds support from accumulated volume at $0.0369 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 14.13%.
ACT Aurora Control Technologies Corp is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0348 (-5.97%) (This stock has high daily movements and this gives high risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AACTF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ACT Aurora Control Technologies Corp to open at $0.0370, and during the day (based on 14 day Average True Range), to move between $0.0343 and $0.0397, which gives a possible trading interval of +/-$0.0027 (+/-7.24%) up or down from last closing price. If ACT Aurora Control Technologies Corp takes out the full calculated possible swing range there will be an estimated 14.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0369 (0.27%) than the resistance at $0.0376 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
ACT Aurora Control Technologies Corp will release earnings BMO on Friday, June 28, 2024. We will update the financials statements for ACT Aurora Control Technologies Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 15.97% in the first trading day after earnings release.
Is ACT Aurora Control Technologies Corp stock A Buy?
ACT Aurora Control Technologies Corp 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 Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ACT Aurora Control Technologies Corp of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0370 ( 0%) | $0.0370 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AACTF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0370 | - |
| R2 | 0.0370 | - |
| R1 | 0.0370 | - |
| Price | 0.0370 | |
| S1 | 0.0370 | - |
| S2 | 0.0370 | - |
| S3 | 0.0370 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0390 | 5.41% |
| R2 | 0.0378 | 2.16% |
| R1 | 0.0376 | 1.62% |
| Price | 0.0370 | |
| S1 | 0.0369 | -0.270% |
| S2 | 0.0365 | -1.35% |
| S3 | 0.0361 | -2.43% |
FAQ
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