AmmPower Corp. Stock Forecast
Green day on Thursday for AmmPower Corp.
(Updated on Jun 27, 2024)
The AmmPower Corp. stock price gained 4.00% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0175 to $0.0182. During the last trading day the stock fluctuated 1.68% from a day low at $0.0179 to a day high of $0.0182. The price has fallen in 5 of the last 10 days and is down by -9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 74 thousand more shares were traded than the day before. In total, 189 thousand shares were bought and sold for approximately $3.43 thousand.
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 $0.0173 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.88% during the next 3 months and, with a 90% probability hold a price between $0.0127 and $0.0193 at the end of this 3-month period.
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AMMPF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. AmmPower Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AmmPower Corp. 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 $0.0205 and $0.0220. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AmmPower Corp. stock
AmmPower Corp. finds support from accumulated volume at $0.0175 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 $0.0003 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMMPF) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect AmmPower Corp. to open at $0.0181, and during the day (based on 14 day Average True Range), to move between $0.0160 and $0.0204, which gives a possible trading interval of +/-$0.0022 (+/-12.18%) up or down from last closing price. If AmmPower Corp. takes out the full calculated possible swing range there will be an estimated 24.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0175 (3.85%) than the resistance at $0.0218 (19.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AmmPower Corp. stock A Buy?
AmmPower Corp. 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.
Current score: -5.182 Strong Sell Candidate Unchanged
Predicted Opening Price for AmmPower Corp. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0181 ( 0.549%) | $0.0182 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMMPF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0184 | 1.10% |
| R2 | 0.0183 | 0.469% |
| R1 | 0.0182 | 0.0802% |
| Price | 0.0182 | |
| S1 | 0.0180 | -1.18% |
| S2 | 0.0179 | -1.57% |
| S3 | 0.0178 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0220 | 20.88% |
| R2 | 0.0219 | 20.33% |
| R1 | 0.0218 | 19.78% |
| Price | 0.0182 | |
| S1 | 0.0175 | -3.85% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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