American Aires Inc. Stock Forecast
A very strong day for American Aires Inc. stock price on Friday
(Updated on May 17, 2024)
The American Aires Inc. stock price gained 9.17% on the last trading day (Friday, 17th May 2024), rising from $0.643 to $0.702. During the last trading day the stock fluctuated 6.26% from a day low at $0.700 to a day high of $0.744. The price has fallen in 5 of the last 10 days and is down by -35.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $4.54 thousand.
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 American Aires Inc. stock with a 90% probability to be traded between $0.489 and $1.23 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AAIRF Signals & Forecast
There are mixed signals in the stock today. The American Aires Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.85. On a fall, the stock will find some support from the short-term average at $0.646. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -43.40%. 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). American Aires Inc. 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.
Support, Risk & Stop-loss for American Aires Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.664 and $0.619. 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 Aires Inc. finds support just below today's level at $0.664. If this is broken, then the next support from accumulated volume will be at $0.619 and $0.604.
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 $0.0438 between high and low, or 6.26%. For the last week, the stock has had daily average volatility of 3.58%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect American Aires Inc. to open at $0.715, and during the day (based on 14 day Average True Range), to move between $0.625 and $0.779, which gives a possible trading interval of +/-$0.0772 (+/-11.00%) up or down from last closing price. If American Aires Inc. takes out the full calculated possible swing range there will be an estimated 22.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.664 (5.33%) than the resistance at $0.82 (17.18%), 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?
American Aires Inc. holds several negative signals and we believe that 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 Strong Sell candidate.
Current score: -5.146 Strong Sell Candidate Downgraded
Predicted Opening Price for American Aires Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.715 ( 1.89%) | $0.702 |
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 | 0.759 | 8.13 % | |
| R2 | 0.742 | 5.75 % | ||
| R1 | 0.732 | 4.27 % | ||
| Current price: | 0.702 | |||
| Support | S1 | 0.698 | -0.494 % | |
| S2 | 0.688 | -1.97 % | ||
| S3 | 0.671 | -4.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.86 | 22.03 % | |
| R2 | 0.86 | 21.86 % | ||
| R1 | 0.82 | 17.18 % | ||
| Current price | 0.702 | |||
| Support | S1 | 0.664 | -5.33% | |
| S2 | 0.619 | -11.77% | ||
| S3 | 0.604 | -13.98% |
FAQ
Click here for our free guide on how to buy American Aires Inc. Stock.
