Aeva Technologies, Inc. Common Stock Forecast
Aeva Technologies, Inc. Common stock upgraded to Sell Candidate.
(Updated on May 02, 2024)
The Aeva Technologies, Inc. Common stock price gained 0.98% on the last trading day (Thursday, 2nd May 2024), rising from $3.07 to $3.10. During the last trading day the stock fluctuated 6.98% from a day low at $3.01 to a day high of $3.22. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 110 thousand more shares were traded than the day before. In total, 306 thousand shares were bought and sold for approximately $949.87 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.55% during the next 3 months and, with a 90% probability hold a price between $1.91 and $3.60 at the end of this 3-month period.
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AEVA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.44%. Further rise is indicated until a new top pivot has been found. Aeva Technologies, Inc. Common has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aeva Technologies, Inc. Common 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 $3.77. On a fall, the stock will find some support from the short-term average at $3.10. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aeva Technologies, Inc. Common stock
Aeva Technologies, Inc. Common finds support from accumulated volume at $3.09 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 $0.210 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 6.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEVA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Aeva Technologies, Inc. Common to open at $3.11, and during the day (based on 14 day Average True Range), to move between $2.80 and $3.40, which gives a possible trading interval of +/-$0.296 (+/-9.56%) up or down from last closing price. If Aeva Technologies, Inc. Common takes out the full calculated possible swing range there will be an estimated 19.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.09 (0.32%) than the resistance at $3.44 (10.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aeva Technologies, Inc. Common will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.580. We will update the financials statements for Aeva Technologies, Inc. Common, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.52% in the first trading day after earnings release.
Is Aeva Technologies, Inc. Common stock A Buy?
Aeva Technologies, Inc. Common 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: -2.986 Sell Candidate Upgraded
Predicted Opening Price for Aeva Technologies, Inc. Common of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.11 ( 0.323%) | $3.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEVA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 7.10 % | |
| R2 | 3.24 | 4.51 % | ||
| R1 | 3.19 | 2.91 % | ||
| Current price: | 3.10 | |||
| Support | S1 | 3.03 | -2.27 % | |
| S2 | 2.98 | -3.86 % | ||
| S3 | 2.90 | -6.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.54 | 14.19 % | |
| R2 | 3.48 | 12.26 % | ||
| R1 | 3.44 | 10.97 % | ||
| Current price | 3.10 | |||
| Support | S1 | 3.09 | -0.323% | |
| S2 | 2.99 | -3.55% | ||
| S3 | 2.98 | -3.87% |
FAQ
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