Ambipar Emergency Response Stock Forecast
Ambipar Emergency Response stock price took a fall of -6.98% on Tuesday
(Updated on Jun 25, 2024)
The Ambipar Emergency Response stock price fell by -6.98% on the last day (Tuesday, 25th Jun 2024) from $4.30 to $4.00. During the last trading day the stock fluctuated 0% from a day low at $4.00 to a day high of $4.00. The price has risen in 5 of the last 10 days. 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 -3 thousand shares and in total, 778 shares were bought and sold for approximately $3.11 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -29.95% during the next 3 months and, with a 90% probability hold a price between $1.68 and $2.99 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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AMBI Signals & Forecast
The Ambipar Emergency Response 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 $3.97 and $3.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 27.80%. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ambipar Emergency Response stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.77 and $3.58. 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, Ambipar Emergency Response finds support just below today's level at $3.77. If this is broken, then the next support from accumulated volume will be at $3.58 and $3.29.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.33%.
Our recommended stop-loss: $3.84 (-3.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (AMBI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ambipar Emergency Response to open at $4.00, and during the day (based on 14 day Average True Range), to move between $3.60 and $4.40, which gives a possible trading interval of +/-$0.400 (+/-10.00%) up or down from last closing price. If Ambipar Emergency Response takes out the full calculated possible swing range there will be an estimated 19.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.10 (2.50%) than the support at $3.77 (5.75%), 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 Ambipar Emergency Response 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: 2.319 Buy Candidate Unchanged
Predicted Opening Price for Ambipar Emergency Response of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $4.00 ( 0%) | $4.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMBI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.00 | - |
| R2 | 4.00 | - |
| R1 | 4.00 | - |
| Price | 4.00 | |
| S1 | 4.00 | - |
| S2 | 4.00 | - |
| S3 | 4.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.72 | 18.00% |
| R2 | 4.59 | 14.75% |
| R1 | 4.10 | 2.50% |
| Price | 4.00 | |
| S1 | 3.77 | -5.75% |
| S2 | 3.58 | -10.50% |
| S3 | 3.29 | -17.75% |
FAQ
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