AIM ImmunoTech Inc. Stock Forecast
AIM ImmunoTech Inc. stock price up more than 5.34% on Friday
(Updated on Apr 26, 2024)
The AIM ImmunoTech Inc. stock price gained 5.34% on the last trading day (Friday, 26th Apr 2024), rising from $0.407 to $0.428. During the last trading day the stock fluctuated 4.61% from a day low at $0.410 to a day high of $0.429. The price has been going up and down for this period, and there has been a -23.81% loss for the last 2 weeks. Volume fell on the last day by -258 thousand shares and in total, 82 thousand shares were bought and sold for approximately $35.20 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 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 14.93% during the next 3 months and, with a 90% probability hold a price between $0.423 and $0.722 at the end of this 3-month period.
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AIM Signals & Forecast
There are few to no technical positive signals at the moment. The AIM ImmunoTech 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 $0.436 and $0.445. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -30.27%. 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). 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 AIM ImmunoTech Inc. stock
AIM ImmunoTech Inc. finds support from accumulated volume at $0.420 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0189 between high and low, or 4.61%. For the last week the stock has had daily average volatility of 14.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AIM ImmunoTech Inc. to open at $0.422, and during the day (based on 14 day Average True Range), to move between $0.376 and $0.480, which gives a possible trading interval of +/-$0.0519 (+/-12.11%) up or down from last closing price. If AIM ImmunoTech Inc. takes out the full calculated possible swing range there will be an estimated 24.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.420 (1.91%) than the resistance at $0.440 (2.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AIM ImmunoTech Inc. stock A Buy?
The AIM ImmunoTech Inc. stock holds several negative signals and despite the positive trend, we believe AIM ImmunoTech Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.926 Sell Candidate Upgraded
Predicted Opening Price for AIM ImmunoTech Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.422 ( 1.36%) | $0.428 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.441 | 3.05 % | |
| R2 | 0.434 | 1.37 % | ||
| R1 | 0.430 | 0.324 % | ||
| Current price: | 0.428 | |||
| Support | S1 | 0.415 | -3.05 % | |
| S2 | 0.411 | -4.09 % | ||
| S3 | 0.403 | -5.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.490 | 14.46 % | |
| R2 | 0.471 | 10.00 % | ||
| R1 | 0.440 | 2.76 % | ||
| Current price | 0.428 | |||
| Support | S1 | 0.420 | -1.91% | |
| S2 | 0.405 | -5.42% | ||
| S3 | 0.380 | -11.26% |
FAQ
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