amalphi ag Stock Forecast
amalphi ag stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The amalphi ag stock price gained 2.78% on the last trading day (Friday, 17th May 2024), rising from 1.08€ to 1.11€. During the last trading day the stock fluctuated 0.91% from a day low at 1.10€ to a day high of 1.11€. The price has risen in 5 of the last 10 days but is still down by -5.13% for this period. Volume fell on the last day by -13 thousand shares and in total, 1 thousand shares were bought and sold for approximately 1.51€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 46.40% during the next 3 months and, with a 90% probability hold a price between 1.08€ and 1.92€ at the end of this 3-month period.
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AMI.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -9.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The amalphi ag 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 1.10€ and 0.89€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for amalphi ag stock
amalphi ag finds support from accumulated volume at 1.09€ 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0100€ between high and low, or 0.91%. For the last week the stock has had daily average volatility of 4.96%.
Our recommended stop-loss: 1.05€ (-5.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (AMI.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect amalphi ag to open at 1.11€, and during the day (based on 14 day Average True Range), to move between 1.04€ and 1.18€, which gives a possible trading interval of +/-0.0720€ (+/-6.49%) up or down from last closing price. If amalphi ag takes out the full calculated possible swing range there will be an estimated 12.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.09€ (1.80%) than the resistance at 1.15€ (3.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is amalphi ag 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 amalphi ag stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.153 Buy Candidate Upgraded
Predicted Opening Price for amalphi ag of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 1.11€ ( 0.300%) | 1.11€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 0.601 % | |
| R2 | 1.11 | 0.256 % | ||
| R1 | 1.11 | 0.0438 % | ||
| Current price: | 1.11 | |||
| Support | S1 | 1.10 | -0.644 % | |
| S2 | 1.10 | -0.86 % | ||
| S3 | 1.10 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 10.81 % | |
| R2 | 1.20 | 8.11 % | ||
| R1 | 1.15 | 3.60 % | ||
| Current price | 1.11 | |||
| Support | S1 | 1.09 | -1.80% | |
| S2 | 1.02 | -8.11% | ||
| S3 | 0.85 | -23.87% |
FAQ
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