Alset Ehome International Inc Stock Forecast
High volatility in Alset Ehome International Inc stock price on Wednesday which ended trading at $0.515
(Updated on May 01, 2024)
The Alset Ehome International Inc stock price fell by -7.04% on the last day (Wednesday, 1st May 2024) from $0.554 to $0.515. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 17.93% from a day low at $0.500 to a day high of $0.590. The price has fallen in 7 of the last 10 days and is down by -16.63% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 58 thousand shares were bought and sold for approximately $29.72 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.488, a level that may pose a second chance to hit a runner. According to fan-theory $0.660 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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AEI Signals & Forecast
There are few to no technical positive signals at the moment. The Alset Ehome International Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.572 and $0.660. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -39.32%. 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). Alset Ehome International Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alset Ehome International Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0897 between high and low, or 17.93%. For the last week, the stock has had daily average volatility of 11.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Alset Ehome International Inc to open at $0.535, and during the day (based on 14 day Average True Range), to move between $0.461 and $0.569, which gives a possible trading interval of +/-$0.0538 (+/-10.45%) up or down from last closing price. If Alset Ehome International Inc takes out the full calculated possible swing range there will be an estimated 20.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.554, some $0.0390 (7.57%) from the current price of $0.515, our system finds the risk reward not very attractive.
Is Alset Ehome International Inc stock A Buy?
Alset Ehome International Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -8.083 Strong Sell Candidate Unchanged
Predicted Opening Price for Alset Ehome International Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.535 ( 3.88%) | $0.515 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.625 | 21.29 % | |
| R2 | 0.591 | 14.64 % | ||
| R1 | 0.569 | 10.53 % | ||
| Current price: | 0.515 | |||
| Support | S1 | 0.501 | -2.78 % | |
| S2 | 0.480 | -6.88 % | ||
| S3 | 0.445 | -13.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.602 | 16.89 % | |
| R2 | 0.590 | 14.52 % | ||
| R1 | 0.554 | 7.57 % | ||
| Current price | 0.515 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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