Atlas Energy Solutions Inc. Stock Forecast

Atlas Energy Solutions Inc. stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 14, 2024)

AESI Signals & Forecast

The Atlas Energy Solutions Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.82 and $22.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Atlas Energy Solutions Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.93 and $20.97. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Atlas Energy Solutions Inc. finds support just below today's level at $21.93. If this is broken, then the next support from accumulated volume will be at $20.97 and $19.81.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.81 (3.59%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.

Our recommended stop-loss: $22.43 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (AESI) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Atlas Energy Solutions Inc. to open at $23.11, and during the day (based on 14 day Average True Range), to move between $22.59 and $24.13, which gives a possible trading interval of +/-$0.772 (+/-3.30%) up or down from last closing price. If Atlas Energy Solutions Inc. takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.40 (0.17%) than the support at $21.93 (6.12%), 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 Atlas Energy Solutions Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Atlas Energy Solutions Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.510 Buy Candidate Upgraded

Predicted Opening Price for Atlas Energy Solutions Inc. of Wednesday, May 15, 2024

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