Avalon GloboCare Corp. Stock Forecast

High volatility in Avalon GloboCare Corp. stock price on Friday which ended trading at $0.279
(Updated on May 17, 2024)

ALBT Signals & Forecast

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. The Avalon GloboCare Corp. 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 $0.290 and $0.294. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -18.06%. Further fall is indicated until a new bottom pivot has been found. Avalon GloboCare Corp. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Avalon GloboCare Corp. stock

Avalon GloboCare Corp. finds support from accumulated volume at $0.270 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 $0.0335 between high and low, or 12.12%. For the last week, the stock has had daily average volatility of 16.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALBT) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Avalon GloboCare Corp. to open at $0.288, and during the day (based on 14 day Average True Range), to move between $0.236 and $0.321, which gives a possible trading interval of +/-$0.0424 (+/-15.20%) up or down from last closing price. If Avalon GloboCare Corp. takes out the full calculated possible swing range there will be an estimated 30.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.270 (3.09%) than the resistance at $0.320 (14.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Avalon GloboCare Corp. stock A Buy?

Avalon GloboCare Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.179 Sell Candidate Unchanged

Predicted Opening Price for Avalon GloboCare Corp. of Monday, May 20, 2024

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