Autonomix Medical, Inc. Common Stock Stock Forecast
High volatility in Autonomix Medical, Inc. Common Stock stock price on Thursday which ended trading at $1.01
(Updated on Jun 27, 2024)
The Autonomix Medical, Inc. Common Stock stock price gained 3.66% on the last trading day (Thursday, 27th Jun 2024), rising from $0.97 to $1.01. During the last trading day the stock fluctuated 11.58% from a day low at $0.95 to a day high of $1.06. The price has fallen in 7 of the last 10 days and is down by -28.37% for this period. Volume fell on the last day by -13 thousand shares and in total, 74 thousand shares were bought and sold for approximately $74.95 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -51.64% during the next 3 months and, with a 90% probability hold a price between $0.454 and $0.97 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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AMIX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.66%. 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 Autonomix Medical, Inc. Common Stock 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 $1.05 and $1.91. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Autonomix Medical, Inc. Common Stock stock
Autonomix Medical, Inc. Common Stock finds support from accumulated volume at $0.99 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 $0.110 between high and low, or 11.58%. For the last week the stock has had daily average volatility of 12.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMIX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Autonomix Medical, Inc. Common Stock to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.758 and $1.26, which gives a possible trading interval of +/-$0.252 (+/-24.97%) up or down from last closing price. If Autonomix Medical, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 49.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.99 (1.81%) than the resistance at $1.04 (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autonomix Medical, Inc. Common Stock stock A Buy?
Autonomix Medical, Inc. Common Stock 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.609 Sell Candidate Upgraded
Predicted Opening Price for Autonomix Medical, Inc. Common Stock of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $1.01 ( 0.330%) | $1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMIX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.12 | 10.56% |
| R2 | 1.07 | 6.40% |
| R1 | 1.05 | 3.83% |
| Price | 1.01 | |
| S1 | 0.96 | -4.49% |
| S2 | 0.94 | -7.06% |
| S3 | 0.90 | -11.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.12 | 10.89% |
| R2 | 1.05 | 3.96% |
| R1 | 1.04 | 2.97% |
| Price | 1.01 | |
| S1 | 0.99 | -1.81% |
| S2 | 0.97 | -3.53% |
| S3 | 0 | - |
FAQ
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