AMLT USD Stock Forecast
Weaker technical forecast for AMLT USD as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The AMLT USD stock price gained 2.11% on the last trading day (Friday, 28th Jun 2024), rising from $0.0020 to $0.0020. During the last trading day the stock fluctuated 0.492% from a day low at $0.0020 to a day high of $0.0020. The price has risen in 5 of the last 10 days but is still down by -1.45% for this period. Volume fell on the last day by -102 shares and in total, 20 shares were bought and sold for approximately $0.0407 . 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 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 -16.34% during the next 3 months and, with a 90% probability hold a price between $0.0015 and $0.0019 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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AMLTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 9.11%. 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 AMLT USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0021. On a fall, the stock will find some support from the short-term average at $0.0019. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 AMLT USD stock
AMLT USD finds support from accumulated volume at $0.0020 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.00001 between high and low, or 0.492%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMLTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect AMLT USD to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0019 and $0.0021, which gives a possible trading interval of +/-$0.00009678 (+/-4.75%) up or down from last closing price. If AMLT USD takes out the full calculated possible swing range there will be an estimated 9.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0020 (1.62%) than the resistance at $0.0022 (10.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMLT USD stock A Buy?
AMLT USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.891 Sell Candidate Downgraded
Predicted Opening Price for AMLT USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0020 ( 0.0327%) | $0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMLTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | 0.458% |
| R2 | 0.0020 | 0.271% |
| R1 | 0.0020 | 0.155% |
| Price | 0.0020 | |
| S1 | 0.0020 | -0.220% |
| S2 | 0.0020 | -0.336% |
| S3 | 0.0020 | -0.524% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0025 | 21.85% |
| R2 | 0.0023 | 15.17% |
| R1 | 0.0022 | 10.21% |
| Price | 0.0020 | |
| S1 | 0.0020 | -1.62% |
| S2 | 0.0020 | -1.67% |
| S3 | 0.0019 | -4.47% |
FAQ
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