Ainos, Inc. Stock Forecast
Ainos, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The Ainos, Inc. stock price fell by -1.80% on the last day (Friday, 10th May 2024) from $1.07 to $1.05. During the last trading day the stock fluctuated 2.69% from a day low at $1.05 to a day high of $1.08. The price has fallen in 5 of the last 10 days but is still up by 1.02% over the past 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, 17 thousand shares were bought and sold for approximately $18.20 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.82 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ainos, Inc. stock with a 90% probability to be traded between $0.82 and $2.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AIMD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ainos, 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 $1.05 and $1.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -48.75%. Further fall is indicated until a new bottom pivot has been found. Ainos, 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.
Support, Risk & Stop-loss for Ainos, Inc. stock
Ainos, Inc. finds support from accumulated volume at $1.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0282 (2.69%) between high and low. For the last week, the stock has had daily average volatility of 6.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIMD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ainos, Inc. to open at $1.06, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.12, which gives a possible trading interval of +/-$0.0699 (+/-6.65%) up or down from last closing price. If Ainos, Inc. takes out the full calculated possible swing range there will be an estimated 13.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.05 (0.07%) than the resistance at $1.09 (3.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ainos, Inc. stock A Buy?
Ainos, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.725 Sell Candidate Downgraded
Predicted Opening Price for Ainos, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $1.06 ( 0.85%) | $1.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.09 | 3.53 % | |
| R2 | 1.08 | 2.51 % | ||
| R1 | 1.07 | 1.88 % | ||
| Current price: | 1.05 | |||
| Support | S1 | 1.05 | -0.175 % | |
| S2 | 1.04 | -0.81 % | ||
| S3 | 1.03 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.25 | 18.97 % | |
| R2 | 1.18 | 12.31 % | ||
| R1 | 1.09 | 3.74 % | ||
| Current price | 1.05 | |||
| Support | S1 | 1.05 | -0.0666% | |
| S2 | 1.04 | -1.02% | ||
| S3 | 1.02 | -2.92% |
FAQ
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