Archer Aviation Inc. Wt Stock Forecast
Volatile ride for Archer Aviation Inc. Wt stock price on Friday moving between $0.330 and $0.373
(Updated on Jun 28, 2024)
The Archer Aviation Inc. Wt stock price gained 9.98% on the last trading day (Friday, 28th Jun 2024), rising from $0.339 to $0.373. During the last trading day the stock fluctuated 12.88% from a day low at $0.330 to a day high of $0.373. The price has risen in 6 of the last 10 days and is up by 16.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $5.75 thousand.
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 15.02% during the next 3 months and, with a 90% probability hold a price between $0.365 and $0.494 at the end of this 3-month period.
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ACHR-WT Signals & Forecast
Mostly positive signals in the chart today. The Archer Aviation Inc. Wt stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.379. On a fall, the stock will find some support from the long-term average at approximately $0.347. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 9.98%. 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). Archer Aviation Inc. Wt 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 Archer Aviation Inc. Wt stock
Archer Aviation Inc. Wt finds support from accumulated volume at $0.366 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 $0.0425 between high and low, or 12.88%. For the last week, the stock has had daily average volatility of 13.32%.
Our recommended stop-loss: $0.358 (-3.96%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ACHR-WT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Archer Aviation Inc. Wt to open at $0.358, and during the day (based on 14 day Average True Range), to move between $0.324 and $0.421, which gives a possible trading interval of +/-$0.0486 (+/-13.04%) 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 26.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.366 (1.68%) than the resistance at $0.387 (3.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Archer Aviation Inc. Wt stock A Buy?
Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.879 Buy Candidate Upgraded
Predicted Opening Price for Archer Aviation Inc. Wt of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.358 ( 3.80%) | $0.373 |
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 | 0.401 | 7.61% |
R2 | 0.385 | 3.25% |
R1 | 0.375 | 0.555% |
Price | 0.373 | |
S1 | 0.342 | -8.16% |
S2 | 0.332 | -10.85% |
S3 | 0.316 | -15.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.414 | 11.22% |
R2 | 0.400 | 7.36% |
R1 | 0.387 | 3.89% |
Price | 0.373 | |
S1 | 0.366 | -1.68% |
S2 | 0.340 | -8.62% |
S3 | 0.327 | -12.24% |
FAQ
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