Aclarion, Inc. Stock Forecast
Aclarion, Inc. stock upgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The Aclarion, Inc. stock price fell by -3.36% on the last day (Monday, 17th Jun 2024) from $0.0387 to $0.0374. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0% from a day low at $0.0374 to a day high of $0.0374. The price has fallen in 6 of the last 10 days but is still up by 24.25% 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 -41 thousand shares and in total, 1 thousand shares were bought and sold for approximately $44.88 .
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0257 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between $0.0267 and $0.104 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ACONW 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 Aclarion, 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 $0.0415. On a fall, the stock will find some support from the short-term average at $0.0363. 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 Thursday, June 06, 2024, and so far it has fallen -62.53%. 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 Aclarion, Inc. stock
Aclarion, Inc. finds support from accumulated volume at $0.0360 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 6.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACONW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Aclarion, Inc. to open at $0.0374, and during the day (based on 14 day Average True Range), to move between $0.0222 and $0.0526, which gives a possible trading interval of +/-$0.0152 (+/-40.71%) up or down from last closing price. If Aclarion, Inc. takes out the full calculated possible swing range there will be an estimated 81.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0386 (3.21%) than the support at $0.0360 (3.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Aclarion, Inc. stock A Buy?
Aclarion, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.516 Sell Candidate Upgraded
Predicted Opening Price for Aclarion, Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0374 ( 0%) | $0.0374 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACONW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0374 | - |
R2 | 0.0374 | - |
R1 | 0.0374 | - |
Price | 0.0374 | |
S1 | 0.0374 | - |
S2 | 0.0374 | - |
S3 | 0.0374 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0420 | 12.30% |
R2 | 0.0387 | 3.48% |
R1 | 0.0386 | 3.21% |
Price | 0.0374 | |
S1 | 0.0360 | -3.74% |
S2 | 0.0300 | -19.79% |
S3 | 0.0292 | -21.88% |
FAQ
Click here for our free guide on how to buy Aclarion, Inc. Stock.