Alto Ingredients, Inc. Stock Forecast

Alto Ingredients, Inc. stock upgraded to Hold/Accumulate.
(Updated on Apr 15, 2024)

ALTO 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 Alto Ingredients, 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 $2.12 and $2.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -11.35%. Further fall is indicated until a new bottom pivot has been found. Alto Ingredients, Inc. 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".

Support, Risk & Stop-loss for Alto Ingredients, Inc. stock

Alto Ingredients, Inc. finds support from accumulated volume at $2.01 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 $0.110 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 4.69%.

Our recommended stop-loss: $1.93 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (ALTO) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Alto Ingredients, Inc. to open at $2.03, and during the day (based on 14 day Average True Range), to move between $1.92 and $2.14, which gives a possible trading interval of +/-$0.113 (+/-5.57%) up or down from last closing price. If Alto Ingredients, Inc. takes out the full calculated possible swing range there will be an estimated 11.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.01 (0.99%) than the resistance at $2.07 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alto Ingredients, Inc. stock A Buy?

Alto Ingredients, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.706 Hold/Accumulate Upgraded

Predicted Opening Price for Alto Ingredients, Inc. of Tuesday, April 16, 2024

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