Acutus Medical Inc. Stock Forecast
High volatility in Acutus Medical Inc. stock price on Tuesday which ended trading at $0.0350
(Updated on Jul 02, 2024)
The Acutus Medical Inc. stock price gained 12.90% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0310 to $0.0350. During the last trading day the stock fluctuated 12.90% from a day low at $0.0310 to a day high of $0.0350. The price has risen in 6 of the last 10 days but is still down by -13.37% for this period. Volume fell on the last day by -33 thousand shares and in total, 54 thousand shares were bought and sold for approximately $1.89 thousand. 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0392 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AFIB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 12.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.0376 and $0.0449. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Acutus Medical Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0310. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0040 between high and low, or 12.90%. For the last week the stock has had daily average volatility of 9.28%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Acutus Medical Inc. to open at $0.0337, and during the day (based on 14 day Average True Range), to move between $0.0291 and $0.0409, which gives a possible trading interval of +/-$0.0059 (+/-16.80%) up or down from last closing price. If Acutus Medical Inc. takes out the full calculated possible swing range there will be an estimated 33.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0355 (1.43%) than the support at $0.0310 (11.43%), 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 Acutus Medical Inc. stock A Buy?
Acutus Medical Inc. holds several negative signals and is within a very wide and falling trend, so we believe 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: -3.057 Sell Candidate Upgraded
Predicted Opening Price for Acutus Medical Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0337 ( 3.81%) | $0.0350 |
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 | |
|---|---|---|
| R3 | 0.0377 | 7.62% |
| R2 | 0.0361 | 3.25% |
| R1 | 0.0352 | 0.556% |
| Price | 0.0350 | |
| S1 | 0.0321 | -8.18% |
| S2 | 0.0312 | -10.87% |
| S3 | 0.0297 | -15.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0428 | 22.29% |
| R2 | 0.0410 | 17.14% |
| R1 | 0.0355 | 1.43% |
| Price | 0.0350 | |
| S1 | 0.0310 | -11.43% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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