Alarum Technologies Ltd. Stock Forecast
Alarum Technologies Ltd. stock price ended at $28.49 on Thursday, after gaining 4.51%.
(Updated on May 02, 2024)
The Alarum Technologies Ltd. stock price gained 4.51% on the last trading day (Thursday, 2nd May 2024), rising from $27.26 to $28.49. During the last trading day the stock fluctuated 6.61% from a day low at $26.77 to a day high of $28.54. The price has been going up and down for this period, and there has been a 29.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 169 thousand shares were bought and sold for approximately $4.82 million.
The stock lies in the middle of a very wide and strong 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 122.22% during the next 3 months and, with a 90% probability hold a price between $51.48 and $67.49 at the end of this 3-month period.
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ALAR Signals & Forecast
The Alarum Technologies Ltd. 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 $27.83 and $23.72. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 25, 2024, and so far it has fallen -1.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Alarum Technologies Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $26.56 and $26.32. 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, Alarum Technologies Ltd. finds support just below today's level at $26.56. If this is broken, then the next support from accumulated volume will be at $26.32 and $22.25.
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 $1.77 between high and low, or 6.61%. For the last week, the stock has had daily average volatility of 8.91%.
Our recommended stop-loss: $27.26 (-4.31%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ALAR) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Alarum Technologies Ltd. to open at $27.93, and during the day (based on 14 day Average True Range), to move between $25.74 and $31.24, which gives a possible trading interval of +/-$2.75 (+/-9.64%) up or down from last closing price. If Alarum Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 19.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.71 (0.77%) than the support at $26.56 (6.77%), 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 Alarum Technologies Ltd. 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 Alarum Technologies Ltd. stock to perform well in the short-term.
Current score: 2.620 Buy Candidate Unchanged
Predicted Opening Price for Alarum Technologies Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $27.93 ( 1.95%) | $28.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.70 | 4.26 % | |
| R2 | 29.03 | 1.89 % | ||
| R1 | 28.61 | 0.419 % | ||
| Current price: | 28.49 | |||
| Support | S1 | 27.26 | -4.33 % | |
| S2 | 26.84 | -5.79 % | ||
| S3 | 26.16 | -8.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 29.00 | 1.79 % | ||
| R1 | 28.71 | 0.772 % | ||
| Current price | 28.49 | |||
| Support | S1 | 26.56 | -6.77% | |
| S2 | 26.32 | -7.62% | ||
| S3 | 22.25 | -21.90% |
FAQ
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