AIM ImmunoTech Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for AIM ImmunoTech Inc. stock after gaining 0.0235%
(Updated on May 08, 2024)
The AIM ImmunoTech Inc. stock price gained 0.0235% on the last trading day (Wednesday, 8th May 2024), rising from $0.425 to $0.425. It has now gained 5 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 7.14% from a day low at $0.420 to a day high of $0.450. The price has risen in 6 of the last 10 days but is still down by -1.14% for this period. Volume fell on the last day by -327 thousand shares and in total, 137 thousand shares were bought and sold for approximately $58.03 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 12.25% during the next 3 months and, with a 90% probability hold a price between $0.418 and $0.714 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.456. On a fall, the stock will find some support from the short-term average at $0.411. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -30.78%. 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 $0.425 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0300 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 7.56%.
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 Thursday 9th
For the upcoming trading day on Thursday, 9th we expect AIM ImmunoTech Inc. to open at $0.432, and during the day (based on 14 day Average True Range), to move between $0.382 and $0.468, which gives a possible trading interval of +/-$0.0430 (+/-10.11%) up or down from last closing price. If AIM ImmunoTech Inc. takes out the full calculated possible swing range there will be an estimated 20.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.425 (0.02%) than the resistance at $0.440 (3.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AIM ImmunoTech Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.120. We will update the financials statements for AIM ImmunoTech Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.87% in the first trading day after earnings release.
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.
Current score: -2.339 Sell Candidate Unchanged
Predicted Opening Price for AIM ImmunoTech Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.432 ( 1.55%) | $0.425 |
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 | 0.462 | 8.61 % | |
| R2 | 0.450 | 5.91 % | ||
| R1 | 0.443 | 4.25 % | ||
| Current price: | 0.425 | |||
| Support | S1 | 0.420 | -1.14 % | |
| S2 | 0.413 | -2.81 % | ||
| S3 | 0.402 | -5.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.490 | 15.29 % | |
| R2 | 0.471 | 10.80 % | ||
| R1 | 0.440 | 3.51 % | ||
| Current price | 0.425 | |||
| Support | S1 | 0.425 | -0.0235% | |
| S2 | 0.420 | -1.20% | ||
| S3 | 0.405 | -4.73% |
FAQ
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