Arteris, Inc. Stock Forecast
High volatility in Arteris, Inc. stock price on Tuesday which ended trading at $8.82
(Updated on May 07, 2024)
The Arteris, Inc. stock price fell by -6.77% on the last day (Tuesday, 7th May 2024) from $9.46 to $8.82. During the last trading day the stock fluctuated 10.47% from a day low at $8.60 to a day high of $9.50. The price has fallen in 5 of the last 10 days but is still up by 35.28% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -572 thousand shares and in total, 325 thousand shares were bought and sold for approximately $2.87 million.
The stock lies in the upper part of a very wide and weak rising 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 $9.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.40% during the next 3 months and, with a 90% probability hold a price between $6.08 and $9.69 at the end of this 3-month period.
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AIP Signals & Forecast
The Arteris, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.42 and $7.12. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -6.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Arteris, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.21 and $7.03. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Arteris, Inc. finds support just below today's level at $8.21. If this is broken, then the next support from accumulated volume will be at $7.03 and $6.89.
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 $0.90 between high and low, or 10.47%. For the last week, the stock has had daily average volatility of 14.44%.
Our recommended stop-loss: $8.32 (-5.64%) (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 (AIP) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Arteris, Inc. to open at $8.97, and during the day (based on 14 day Average True Range), to move between $8.22 and $9.42, which gives a possible trading interval of +/-$0.598 (+/-6.79%) up or down from last closing price. If Arteris, Inc. takes out the full calculated possible swing range there will be an estimated 13.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.21 (6.92%) than the resistance at $9.46 (7.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arteris, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arteris, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.284 Buy Candidate Upgraded
Predicted Opening Price for Arteris, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $8.97 ( 1.74%) | $8.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.87 | 11.94 % | |
| R2 | 9.53 | 8.04 % | ||
| R1 | 9.32 | 5.64 % | ||
| Current price: | 8.82 | |||
| Support | S1 | 8.63 | -2.16 % | |
| S2 | 8.42 | -4.57 % | ||
| S3 | 8.07 | -8.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.46 | 7.26 % | ||
| Current price | 8.82 | |||
| Support | S1 | 8.21 | -6.92% | |
| S2 | 7.03 | -20.29% | ||
| S3 | 6.89 | -21.88% |
FAQ
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