Akoustis Technologies Inc Stock Forecast
Akoustis Technologies Inc stock price down 0% on Thursday
(Updated on May 02, 2024)
No changes to the price of Akoustis Technologies Inc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 4.43% from a day low at $0.583 to a day high of $0.609. The price has risen in 6 of the last 10 days and is up by 17.42% over the past 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 -17.56% during the next 3 months and, with a 90% probability hold a price between $0.384 and $0.555 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AKTS Signals & Forecast
Mostly positive signals in the chart today. The Akoustis Technologies 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 $0.575 and $0.567. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 23.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Akoustis Technologies Inc stock
Akoustis Technologies Inc finds support from accumulated volume at $0.600 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0258 between high and low, or 4.43%. For the last week, the stock has had daily average volatility of 9.02%.
Our recommended stop-loss: $0.576 (-3.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AKTS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Akoustis Technologies Inc to open at $0.597, and during the day (based on 14 day Average True Range), to move between $0.547 and $0.653, which gives a possible trading interval of +/-$0.0531 (+/-8.85%) up or down from last closing price. If Akoustis Technologies Inc takes out the full calculated possible swing range there will be an estimated 17.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.600 (0.02%) than the resistance at $0.610 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Akoustis Technologies Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.139 Buy Candidate Unchanged
Predicted Opening Price for Akoustis Technologies Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.597 ( 0.456%) | $0.600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.623 | 3.84 % | |
| R2 | 0.613 | 2.20 % | ||
| R1 | 0.607 | 1.19 % | ||
| Current price: | 0.600 | |||
| Support | S1 | 0.587 | -2.10 % | |
| S2 | 0.581 | -3.11 % | ||
| S3 | 0.571 | -4.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.731 | 21.88 % | |
| R2 | 0.658 | 9.72 % | ||
| R1 | 0.610 | 1.67 % | ||
| Current price | 0.600 | |||
| Support | S1 | 0.600 | -0.0167% | |
| S2 | 0.544 | -9.42% | ||
| S3 | 0.540 | -10.00% |
FAQ
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