Aluf Holdings Inc Stock Forecast
Stronger technical forecast for Aluf Holdings Inc stock price after Wednesday trading.
(Updated on May 01, 2024)
The Aluf Holdings Inc stock price fell by -0.690% on the last day (Wednesday, 1st May 2024) from $0.0145 to $0.0144. During the last trading day the stock fluctuated 0% from a day low at $0.0144 to a day high of $0.0144. The price has been going up and down for this period, and there has been a -2.04% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $14.40 .
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 $0.0147 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.85% during the next 3 months and, with a 90% probability hold a price between $0.0062 and $0.0130 at the end of this 3-month period. 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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AHIX Signals & Forecast
The Aluf Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0132 and $0.0140. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -0.690%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aluf Holdings Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, March 06, 2024 and based on theory for this formation the price should fall by -14.93% to $0.0123 within 8 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Aluf Holdings Inc stock
Aluf Holdings Inc finds support from accumulated volume at $0.0140 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 21.27%.
Our recommended stop-loss: $0.0140 (-3.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AHIX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aluf Holdings Inc to open at $0.0144, and during the day (based on 14 day Average True Range), to move between $0.0126 and $0.0162, which gives a possible trading interval of +/-$0.0018 (+/-12.20%) up or down from last closing price. If Aluf Holdings Inc takes out the full calculated possible swing range there will be an estimated 24.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0140 (2.78%) than the resistance at $0.0148 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aluf Holdings Inc stock A Buy?
Aluf Holdings Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Aluf Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0144 ( 0.00000000%) | $0.0144 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0144 | 0.00000000 % | |
| R2 | 0.0144 | 0.00000000 % | ||
| R1 | 0.0144 | 0.00000000 % | ||
| Current price: | 0.0144 | |||
| Support | S1 | 0.0144 | 0.00000000 % | |
| S2 | 0.0144 | 0.00000000 % | ||
| S3 | 0.0144 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0160 | 11.11 % | |
| R2 | 0.0150 | 4.17 % | ||
| R1 | 0.0148 | 2.78 % | ||
| Current price | 0.0144 | |||
| Support | S1 | 0.0140 | -2.78% | |
| S2 | 0.0129 | -10.76% | ||
| S3 | 0.0118 | -18.06% |
FAQ
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