Aion Therapeutic Inc. Stock Forecast

Volatile ride for Aion Therapeutic Inc. stock price on Tuesday moving between $0.0100 and $0.0200
(Updated on Jun 18, 2024)

AION.CN Signals & Forecast

The Aion Therapeutic 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 $0.0157 and $0.0159. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 33.33%. Further rise is indicated until a new top pivot has been found. Aion Therapeutic Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aion Therapeutic Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0100 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 20.00%.

Our recommended stop-loss: $0.0193 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (AION.CN) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Aion Therapeutic Inc. to open at $0.0167, and during the day (based on 14 day Average True Range), to move between $0.0181 and $0.0219, which gives a possible trading interval of +/-$0.0019 (+/-9.73%) up or down from last closing price. If Aion Therapeutic Inc. takes out the full calculated possible swing range there will be an estimated 19.46% move between the lowest and the highest trading price during the day.

Is Aion Therapeutic Inc. stock A Buy?

Aion Therapeutic Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Aion Therapeutic Inc. of Wednesday, June 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.