Alkami Technology, Inc. Stock Forecast
Alkami Technology, Inc. stock price down 1.08% on Friday
(Updated on Apr 19, 2024)
The Alkami Technology, Inc. stock price fell by -1.08% on the last day (Friday, 19th Apr 2024) from $24.04 to $23.78. During the last trading day the stock fluctuated 2.65% from a day low at $23.73 to a day high of $24.36. The price has risen in 5 of the last 10 days and is up by 0.17% over the past 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 -88 thousand shares and in total, 186 thousand shares were bought and sold for approximately $4.42 million.
The stock lies in the middle of a 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 -6.87% during the next 3 months and, with a 90% probability hold a price between $20.86 and $23.38 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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ALKT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.99%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alkami Technology, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.86 and $23.79. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Alkami Technology, Inc. stock
Alkami Technology, Inc. finds support from accumulated volume at $23.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.630 between high and low, or 2.65%. For the last week the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: $22.40 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ALKT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Alkami Technology, Inc. to open at $23.96, and during the day (based on 14 day Average True Range), to move between $23.12 and $24.44, which gives a possible trading interval of +/-$0.661 (+/-2.78%) up or down from last closing price. If Alkami Technology, Inc. takes out the full calculated possible swing range there will be an estimated 5.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.50 (1.18%) than the resistance at $24.80 (4.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alkami Technology, Inc. stock A Buy?
Alkami Technology, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.191 Hold/Accumulate Unchanged
Predicted Opening Price for Alkami Technology, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $23.96 ( 0.743%) | $23.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALKT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.59 | 3.39 % | |
| R2 | 24.35 | 2.38 % | ||
| R1 | 24.20 | 1.75 % | ||
| Current price: | 23.78 | |||
| Support | S1 | 23.72 | -0.269 % | |
| S2 | 23.57 | -0.89 % | ||
| S3 | 23.33 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.17 | 10.05 % | |
| R2 | 24.95 | 4.92 % | ||
| R1 | 24.80 | 4.29 % | ||
| Current price | 23.78 | |||
| Support | S1 | 23.50 | -1.18% | |
| S2 | 23.35 | -1.81% | ||
| S3 | 23.11 | -2.82% |
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