Acutus Medical Inc. Stock Forecast
Red day on Wednesday for Acutus Medical Inc.
(Updated on Apr 24, 2024)
The Acutus Medical Inc. stock price fell by -1.24% on the last day (Wednesday, 24th Apr 2024) from $0.169 to $0.167. During the last trading day the stock fluctuated 5.15% from a day low at $0.163 to a day high of $0.172. The price has fallen in 7 of the last 10 days but is still up by 1.83% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 thousand shares and in total, 47 thousand shares were bought and sold for approximately $7.81 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 $0.150 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.24% during the next 3 months and, with a 90% probability hold a price between $0.126 and $0.217 at the end of this 3-month period.
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AFIB Signals & Forecast
There are mixed signals in the stock today. The Acutus Medical 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 $0.168 and $0.181. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 3.22%. 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).
Support, Risk & Stop-loss for Acutus Medical Inc. stock
Acutus Medical Inc. finds support from accumulated volume at $0.164 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0084 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 7.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFIB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Acutus Medical Inc. to open at $0.167, and during the day (based on 14 day Average True Range), to move between $0.152 and $0.182, which gives a possible trading interval of +/-$0.0150 (+/-8.98%) up or down from last closing price. If Acutus Medical Inc. takes out the full calculated possible swing range there will be an estimated 17.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.164 (1.80%) than the resistance at $0.191 (14.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acutus Medical Inc. stock A Buy?
Acutus Medical 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.
Current score: -1.615 Sell Candidate Unchanged
Predicted Opening Price for Acutus Medical Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.167 ( 0.200%) | $0.167 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFIB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.176 | 5.24 % | |
| R2 | 0.172 | 3.31 % | ||
| R1 | 0.170 | 2.12 % | ||
| Current price: | 0.167 | |||
| Support | S1 | 0.164 | -1.72 % | |
| S2 | 0.162 | -2.91 % | ||
| S3 | 0.159 | -4.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.200 | 19.84 % | |
| R2 | 0.198 | 18.71 % | ||
| R1 | 0.191 | 14.63 % | ||
| Current price | 0.167 | |||
| Support | S1 | 0.164 | -1.80% | |
| S2 | 0.162 | -2.70% | ||
| S3 | 0.162 | -3.12% |
FAQ
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