American Energy Partners Inc Stock Forecast
American Energy Partners Inc stock price took a fall of -28.07% on Friday
(Updated on May 17, 2024)
The American Energy Partners Inc stock price fell by -28.07% on the last day (Friday, 17th May 2024) from $0.0085 to $0.0061. During the last trading day the stock fluctuated 0% from a day low at $0.0061 to a day high of $0.0061. The price has been going up and down for this period, and there has been a -21.69% loss for the last 2 weeks. Volume has increased on the last day by 100 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, 100 shares were bought and sold for approximately $0.610 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -71.13% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0024 at the end of this 3-month period. 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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AEPT Signals & Forecast
There are few to no technical positive signals at the moment. The American Energy Partners 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 $0.0081 and $0.0124. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -28.07%. 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). American Energy Partners 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 American Energy Partners Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0050. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.0058 (-5.36%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AEPT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect American Energy Partners Inc to open at $0.0061, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0077, which gives a possible trading interval of +/-$0.0016 (+/-26.85%) up or down from last closing price. If American Energy Partners Inc takes out the full calculated possible swing range there will be an estimated 53.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0050, some $0.0011 (18.03%) from the current price of $0.0061, our system finds the risk reward attractive.
Is American Energy Partners Inc stock A Buy?
American Energy Partners Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for American Energy Partners Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0061 ( 0%) | $0.0061 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0061 | . | |
| R2 | 0.0061 | . | ||
| R1 | 0.0061 | . | ||
| Current price: | 0.0061 | |||
| Support | S1 | 0.0061 | . | |
| S2 | 0.0061 | . | ||
| S3 | 0.0061 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0061 | |||
| Support | S1 | 0.0050 | -18.03% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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