Autoscope Technologies Corporation Stock Forecast
Weaker technical forecast for Autoscope Technologies Corporation as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Autoscope Technologies Corporation stock price fell by -2.29% on the last day (Tuesday, 2nd Jul 2024) from $6.55 to $6.40. During the last trading day the stock fluctuated 1.56% from a day low at $6.40 to a day high of $6.50. The price has risen in 6 of the last 10 days and is up by 6.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -811 shares and in total, 4 thousand shares were bought and sold for approximately $26.97 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.96% during the next 3 months and, with a 90% probability hold a price between $5.44 and $6.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AATC Signals & Forecast
The Autoscope Technologies Corporation 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 $6.19 and $6.21. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -2.29%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Autoscope Technologies Corporation stock
Autoscope Technologies Corporation finds support from accumulated volume at $6.38 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.1000 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AATC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Autoscope Technologies Corporation to open at $6.43, and during the day (based on 14 day Average True Range), to move between $6.26 and $6.54, which gives a possible trading interval of +/-$0.141 (+/-2.20%) up or down from last closing price. If Autoscope Technologies Corporation takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.38 (0.31%) than the resistance at $6.66 (4.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autoscope Technologies Corporation stock A Buy?
Autoscope Technologies Corporation 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 Sell candidate.
Current score: -1.417 Sell Candidate Downgraded
Predicted Opening Price for Autoscope Technologies Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $6.43 ( 0.521%) | $6.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AATC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.53 | 2.08% |
| R2 | 6.50 | 1.49% |
| R1 | 6.47 | 1.12% |
| Price | 6.40 | |
| S1 | 6.40 | -0.0760% |
| S2 | 6.37 | -0.445% |
| S3 | 6.33 | -1.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.74 | 5.31% |
| R2 | 6.70 | 4.69% |
| R1 | 6.66 | 4.06% |
| Price | 6.40 | |
| S1 | 6.38 | -0.313% |
| S2 | 6.35 | -0.781% |
| S3 | 6.10 | -4.69% |
AATC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 28, 2024 | $0.130 | 2.15% |
| 2 | Feb 15, 2024 | Feb 26, 2024 | Mar 05, 2024 | $0.130 | 1.65% |
| 3 | Jan 24, 2024 | Feb 02, 2024 | Feb 12, 2024 | $0.520 | 7.54% |
| 4 | Nov 09, 2023 | Nov 17, 2023 | Nov 30, 2023 | $0.130 | 2.02% |
| 5 | Sep 21, 2023 | Sep 29, 2023 | Oct 09, 2023 | $0.130 | 2.29% |
FAQ
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