Aeries Technology, Inc Stock Forecast

Stronger technical forecast for Aeries Technology, Inc stock price after Tuesday trading.
(Updated on Jun 25, 2024)

AERTW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aeries Technology, 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 $0.0407. On a fall, the stock will find some support from the short-term average at $0.0226. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Aeries Technology, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0260 and $0.0220. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0220 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 4.14%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AERTW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Aeries Technology, Inc to open at $0.0290, and during the day (based on 14 day Average True Range), to move between $0.0203 and $0.0377, which gives a possible trading interval of +/-$0.0087 (+/-29.97%) up or down from last closing price. If Aeries Technology, Inc takes out the full calculated possible swing range there will be an estimated 59.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0260, some $0.0030 (10.34%) from the current price of $0.0290, our system finds the risk reward attractive.

Is Aeries Technology, Inc stock A Buy?

Aeries Technology, 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: -1.071 Sell Candidate Upgraded

Predicted Opening Price for Aeries Technology, Inc of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.