Ai Transportation Acquisition Corp Right Stock Forecast
Ai Transportation Acquisition Corp Right stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of Ai Transportation Acquisition Corp Right stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.150 to a day high of $0.150. The price has been going up and down for this period, and there has been a -15.25% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.24% during the next 3 months and, with a 90% probability hold a price between $0.119 and $0.192 at the end of this 3-month period.
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AITRR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ai Transportation Acquisition Corp Right 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 $0.152 and $0.161. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Ai Transportation Acquisition Corp Right stock
Ai Transportation Acquisition Corp Right finds support from accumulated volume at $0.150 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 6.67%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AITRR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ai Transportation Acquisition Corp Right to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.129 and $0.171, which gives a possible trading interval of +/-$0.0209 (+/-13.93%) up or down from last closing price. If Ai Transportation Acquisition Corp Right takes out the full calculated possible swing range there will be an estimated 27.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.150 (0.07%) than the resistance at $0.160 (6.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ai Transportation Acquisition Corp Right stock A Buy?
Ai Transportation Acquisition Corp Right 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: -3.623 Sell Candidate Downgraded
Predicted Opening Price for Ai Transportation Acquisition Corp Right of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.150 ( 0%) | $0.150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AITRR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.150 | - |
R2 | 0.150 | - |
R1 | 0.150 | - |
Price | 0.150 | |
S1 | 0.150 | - |
S2 | 0.150 | - |
S3 | 0.150 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.172 | 14.52% |
R2 | 0.170 | 13.26% |
R1 | 0.160 | 6.60% |
Price | 0.150 | |
S1 | 0.150 | -0.0666% |
S2 | 0.135 | -9.93% |
S3 | 0 | - |
FAQ
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