Archer Aviation Inc. Wt Stock Forecast
Green day on Tuesday for Archer Aviation Inc. Wt
(Updated on Jun 25, 2024)
The Archer Aviation Inc. Wt stock price gained 1.95% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.414 to $0.422. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.24% from a day low at $0.416 to a day high of $0.438. The price has risen in 6 of the last 10 days and is up by 15.33% over the past 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 9 thousand shares were bought and sold for approximately $3.71 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 has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.408, a level that may pose a second chance to hit a runner. According to fan-theory $0.504 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ACHR-WT Signals & Forecast
The Archer Aviation Inc. Wt 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 $0.358 and $0.344. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 40.32%. Further rise is indicated until a new top pivot has been found. 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. 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 Archer Aviation Inc. Wt stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.400 and $0.340. 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, Archer Aviation Inc. Wt finds support just below today's level at $0.400. If this is broken, then the next support from accumulated volume will be at $0.340 and $0.327.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0218 between high and low, or 5.24%. For the last week the stock has had daily average volatility of 14.90%.
Our recommended stop-loss: $0.409 (-3.16%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ACHR-WT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Archer Aviation Inc. Wt to open at $0.425, and during the day (based on 14 day Average True Range), to move between $0.374 and $0.471, which gives a possible trading interval of +/-$0.0487 (+/-11.53%) up or down from last closing price. If Archer Aviation Inc. Wt takes out the full calculated possible swing range there will be an estimated 23.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.400, some $0.0225 (5.33%) from the current price of $0.422, our system finds the risk reward attractive.
Is Archer Aviation Inc. Wt stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Archer Aviation Inc. Wt stock to perform well in the short-term period.
Current score: 2.188 Buy Candidate Unchanged
Predicted Opening Price for Archer Aviation Inc. Wt of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.425 ( 0.663%) | $0.422 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACHR-WT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.447 | 5.82% |
R2 | 0.439 | 3.85% |
R1 | 0.434 | 2.63% |
Price | 0.422 | |
S1 | 0.417 | -1.31% |
S2 | 0.412 | -2.53% |
S3 | 0.403 | -4.50% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.422 | |
S1 | 0.400 | -5.33% |
S2 | 0.340 | -19.41% |
S3 | 0.327 | -22.61% |
FAQ
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