Artificial Intelligence Stock Forecast

Artificial Intelligence stock price up more than 9.43% on Tuesday
(Updated on Jul 02, 2024)

AITX Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Artificial Intelligence 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Artificial Intelligence stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0059. On a fall, the stock will find some support from the short-term average at $0.0046. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -32.56%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Artificial Intelligence stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0055 and $0.0050. 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, Artificial Intelligence finds support just below today's level at $0.0055. If this is broken, then the next support from accumulated volume will be at $0.0050 and $0.0045.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0004 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 7.90%.

Our recommended stop-loss: $0.0055 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (AITX) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Artificial Intelligence Technology Solutions Inc. to open at $0.0057, and during the day (based on 14 day Average True Range), to move between $0.0051 and $0.0065, which gives a possible trading interval of +/-$0.0007 (+/-12.24%) up or down from last closing price. If Artificial Intelligence Technology Solutions Inc. takes out the full calculated possible swing range there will be an estimated 24.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0055 (5.21%) than the resistance at $0.0067 (15.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Artificial Intelligence Technology Solutions Inc. stock A Buy?

Artificial Intelligence 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.895 Hold/Accumulate Upgraded

Predicted Opening Price for Artificial Intelligence Technology Solutions Inc. of Wednesday, July 3, 2024

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