Aethlon Medical Stock Forecast
High volatility in Aethlon Medical stock price on Tuesday which ended trading at $0.418
(Updated on Jul 02, 2024)
The Aethlon Medical stock price fell by -7.13% on the last day (Tuesday, 2nd Jul 2024) from $0.450 to $0.418. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 13.04% from a day low at $0.403 to a day high of $0.455. The price has fallen in 7 of the last 10 days and is down by -34.76% for this period. Volume has increased on the last day by 235 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, 1 million shares were bought and sold for approximately $449.88 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.439 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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AEMD Signals & Forecast
There are few to no technical positive signals at the moment. The Aethlon Medical stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.540 and $0.531. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -39.70%. 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). Aethlon Medical 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".
Support, Risk & Stop-loss for Aethlon Medical stock
Aethlon Medical finds support from accumulated volume at $0.410 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0525 between high and low, or 13.04%. For the last week, the stock has had daily average volatility of 12.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEMD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Aethlon Medical to open at $0.425, and during the day (based on 14 day Average True Range), to move between $0.324 and $0.512, which gives a possible trading interval of +/-$0.0939 (+/-22.48%) up or down from last closing price. If Aethlon Medical takes out the full calculated possible swing range there will be an estimated 44.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.420 (0.50%) than the support at $0.410 (1.89%), 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 Aethlon Medical stock A Buy?
Aethlon Medical 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: -6.431 Strong Sell Candidate Unchanged
Predicted Opening Price for Aethlon Medical of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.425 ( 1.73%) | $0.418 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEMD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.478 | 14.29% |
| R2 | 0.458 | 9.49% |
| R1 | 0.445 | 6.53% |
| Price | 0.418 | |
| S1 | 0.405 | -3.07% |
| S2 | 0.393 | -6.03% |
| S3 | 0.373 | -10.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.460 | 10.07% |
| R2 | 0.439 | 4.95% |
| R1 | 0.420 | 0.503% |
| Price | 0.418 | |
| S1 | 0.410 | -1.89% |
| S2 | 0.401 | -4.04% |
| S3 | 0.400 | -4.28% |
FAQ
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