Artificial Intelligence Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Artificial Intelligence stock price on Tuesday which ended trading at $0.0040
(Updated on Jun 25, 2024)
The Artificial Intelligence stock price fell by -2.44% on the last day (Tuesday, 25th Jun 2024) from $0.0041 to $0.0040. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.00% from a day low at $0.0040 to a day high of $0.0044. The price has fallen in 8 of the last 10 days and is down by -31.03% for this period. Volume has increased on the last day by 14 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 million shares were bought and sold for approximately $188.88 thousand.
Given the current short-term trend, the stock is expected to rise 60.24% during the next 3 months and, with a 90% probability hold a price between $0.0064 and $0.0161 at the end of this 3-month period.
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AITX Signals & Forecast
There are few to no technical positive signals at the moment. The Artificial Intelligence 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 $0.0044 and $0.0061. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -53.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Artificial Intelligence gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Artificial Intelligence stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0038 and $0.0037. 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 $0.0038. If this is broken, then the next support from accumulated volume will be at $0.0037 and $0.0033.
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 10.00%. For the last week, the stock has had daily average volatility of 13.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AITX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Artificial Intelligence Technology Solutions Inc. to open at $0.0041, and during the day (based on 14 day Average True Range), to move between $0.0032 and $0.0048, which gives a possible trading interval of +/-$0.0008 (+/-20.82%) 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 41.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0041 (2.50%) than the support at $0.0038 (5.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Artificial Intelligence Technology Solutions Inc. stock A Buy?
The Artificial Intelligence stock holds several negative signals and despite the positive trend, we believe Artificial Intelligence will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.714 Sell Candidate Unchanged
Predicted Opening Price for Artificial Intelligence Technology Solutions Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0041 ( 3.33%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AITX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0045 | 13.33% |
| R2 | 0.0044 | 9.51% |
| R1 | 0.0043 | 7.15% |
| Price | 0.0040 | |
| S1 | 0.0040 | -0.487% |
| S2 | 0.0039 | -2.85% |
| S3 | 0.0037 | -6.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0045 | 12.50% |
| R2 | 0.0043 | 7.50% |
| R1 | 0.0041 | 2.50% |
| Price | 0.0040 | |
| S1 | 0.0038 | -5.25% |
| S2 | 0.0037 | -7.50% |
| S3 | 0.0033 | -17.50% |
FAQ
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