A.I.S. Resources Limited Stock Forecast
Stronger technical forecast for A.I.S. Resources Limited stock price after Friday trading.
(Updated on May 17, 2024)
No changes to the price of A.I.S. Resources Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0500 to a day high of $0.0500. The price has been going up and down for this period, and there has been a -9.09% loss for the last 2 weeks.
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 159.15% during the next 3 months and, with a 90% probability hold a price between $0.107 and $0.187 at the end of this 3-month period.
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AIS.V 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 A.I.S. Resources Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0607 and $0.0583. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -28.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for A.I.S. Resources Limited 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.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIS.V) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect A.I.S. Resources Limited to open at $0.0500, and during the day (based on 14 day Average True Range), to move between $0.0440 and $0.0560, which gives a possible trading interval of +/-$0.0060 (+/-11.93%) up or down from last closing price. If A.I.S. Resources Limited takes out the full calculated possible swing range there will be an estimated 23.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0550, some $0.0050 (10.00%) from the current price of $0.0500, our system finds the risk reward not very attractive.
Is A.I.S. Resources Limited stock A Buy?
The A.I.S. Resources Limited stock holds several negative signals and despite the positive trend, we believe A.I.S. Resources Limited 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: -4.015 Sell Candidate Upgraded
Predicted Opening Price for A.I.S. Resources Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0500 ( 0.00000000%) | $0.0500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIS.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 0.00000000 % | |
| R2 | 0.0500 | 0.00000000 % | ||
| R1 | 0.0500 | 0.00000000 % | ||
| Current price: | 0.0500 | |||
| Support | S1 | 0.0500 | 0.00000000 % | |
| S2 | 0.0500 | 0.00000000 % | ||
| S3 | 0.0500 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0600 | 20.00 % | ||
| R1 | 0.0550 | 10.00 % | ||
| Current price | 0.0500 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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