Akili, Inc. Stock Forecast
Akili, Inc. stock price down 1.76% on Friday
(Updated on May 03, 2024)
The Akili, Inc. stock price fell by -1.76% on the last day (Friday, 3rd May 2024) from $0.409 to $0.402. During the last trading day the stock fluctuated 8.00% from a day low at $0.400 to a day high of $0.432. The price has been going up and down for this period, and there has been a 68.74% gain for the last 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 -525 thousand shares and in total, 845 thousand shares were bought and sold for approximately $339.29 thousand.
The stock lies in the middle of a very wide and weak 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 2.57% during the next 3 months and, with a 90% probability hold a price between $0.221 and $0.486 at the end of this 3-month period.
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AKLI Signals & Forecast
The Akili, 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 $0.332 and $0.275. 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 Tuesday, February 27, 2024, and so far it has fallen -13.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Akili, Inc. stock
Akili, Inc. finds support from accumulated volume at $0.400 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0320 between high and low, or 8.00%. For the last week the stock has had daily average volatility of 16.72%.
Our recommended stop-loss: $0.380 (-5.38%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (AKLI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Akili, Inc. to open at $0.411, and during the day (based on 14 day Average True Range), to move between $0.356 and $0.447, which gives a possible trading interval of +/-$0.0453 (+/-11.28%) up or down from last closing price. If Akili, Inc. takes out the full calculated possible swing range there will be an estimated 22.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.400 (0.40%) than the resistance at $0.416 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Akili, Inc. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Akili, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.65% in the first trading day after earnings release.
Is Akili, 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 Akili, Inc. stock to perform well in the short-term.
Current score: 2.297 Buy Candidate Unchanged
Predicted Opening Price for Akili, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.411 ( 2.39%) | $0.402 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKLI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.443 | 10.36 % | |
| R2 | 0.431 | 7.31 % | ||
| R1 | 0.423 | 5.43 % | ||
| Current price: | 0.402 | |||
| Support | S1 | 0.399 | -0.653 % | |
| S2 | 0.391 | -2.53 % | ||
| S3 | 0.379 | -5.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.465 | 15.79 % | |
| R2 | 0.452 | 12.62 % | ||
| R1 | 0.416 | 3.56 % | ||
| Current price | 0.402 | |||
| Support | S1 | 0.400 | -0.398% | |
| S2 | 0.393 | -2.27% | ||
| S3 | 0.381 | -5.13% |
FAQ
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