American Aires Inc. Stock Forecast
American Aires Inc. stock upgraded to Sell Candidate.
(Updated on May 08, 2024)
The American Aires Inc. stock price gained 3.99% on the last trading day (Wednesday, 8th May 2024), rising from $0.82 to $0.86. During the last trading day the stock fluctuated 4.24% from a day low at $0.82 to a day high of $0.86. The price has risen in 6 of the last 10 days and is up by 13.34% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 20 thousand shares were bought and sold for approximately $17.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.98% during the next 3 months and, with a 90% probability hold a price between $0.84 and $2.07 at the end of this 3-month period.
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AAIRF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Aires Inc. 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 $0.96 and $0.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -31.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for American Aires Inc. stock
American Aires Inc. finds support from accumulated volume at $0.84 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0348 between high and low, or 4.24%. For the last week the stock has had daily average volatility of 12.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAIRF) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect American Aires Inc. to open at $0.84, and during the day (based on 14 day Average True Range), to move between $0.772 and $0.94, which gives a possible trading interval of +/-$0.0831 (+/-9.72%) up or down from last closing price. If American Aires Inc. takes out the full calculated possible swing range there will be an estimated 19.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.84 (1.97%) than the resistance at $0.89 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Aires Inc. stock A Buy?
The American Aires Inc. stock holds several negative signals and despite the positive trend, we believe American Aires Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.915 Sell Candidate Upgraded
Predicted Opening Price for American Aires Inc. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$0.84 ( 1.36%) | $0.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAIRF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.88 | 2.71 % | |
R2 | 0.87 | 1.16 % | ||
R1 | 0.86 | 0.198 % | ||
Current price: | 0.86 | |||
Support | S1 | 0.83 | -2.91 % | |
S2 | 0.82 | -3.87 % | ||
S3 | 0.81 | -5.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.97 | 13.74 % | |
R2 | 0.96 | 12.25 % | ||
R1 | 0.89 | 3.94 % | ||
Current price | 0.86 | |||
Support | S1 | 0.84 | -1.97% | |
S2 | 0.82 | -3.84% | ||
S3 | 0.670 | -21.66% |
FAQ
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