AudioEye Inc. Stock Forecast
AudioEye Inc. stock price up 2.91% on Thursday
(Updated on Apr 25, 2024)
The AudioEye Inc. stock price gained 2.91% on the last trading day (Thursday, 25th Apr 2024), rising from $14.43 to $14.85. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.28% from a day low at $13.75 to a day high of $15.02. The price has fallen in 6 of the last 10 days but is still up by 0.75% over the past 2 weeks. Volume fell on the last day by -124 thousand shares and in total, 361 thousand shares were bought and sold for approximately $5.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 144.85% during the next 3 months and, with a 90% probability hold a price between $27.73 and $39.90 at the end of this 3-month period.
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AEYE Signals & Forecast
Mostly positive signals in the chart today. The AudioEye 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 $13.22 and $10.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 25.32%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for AudioEye Inc. stock
AudioEye Inc. finds support from accumulated volume at $14.43 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 $1.28 between high and low, or 9.28%. For the last week, the stock has had daily average volatility of 12.19%.
Our recommended stop-loss: $14.40 (-3.04%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AEYE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AudioEye Inc. to open at $14.54, and during the day (based on 14 day Average True Range), to move between $13.48 and $16.22, which gives a possible trading interval of +/-$1.37 (+/-9.19%) up or down from last closing price. If AudioEye Inc. takes out the full calculated possible swing range there will be an estimated 18.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.43, some $0.420 (2.83%) from the current price of $14.85, our system finds the risk reward attractive.
Is AudioEye Inc. stock A Buy?
AudioEye Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.136 Strong Buy Candidate Unchanged
Predicted Opening Price for AudioEye Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $14.54 ( 2.10%) | $14.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEYE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.81 | 6.49 % | |
| R2 | 15.33 | 3.21 % | ||
| R1 | 15.03 | 1.18 % | ||
| Current price: | 14.85 | |||
| Support | S1 | 14.05 | -5.38 % | |
| S2 | 13.75 | -7.40 % | ||
| S3 | 13.26 | -10.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.85 | |||
| Support | S1 | 14.43 | -2.83% | |
| S2 | 13.06 | -12.05% | ||
| S3 | 12.07 | -18.72% |
FAQ
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