AmpliTech Group, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AmpliTech Group, Inc. stock price down 3.65% on Friday
(Updated on May 24, 2024)
The AmpliTech Group, Inc. stock price fell by -3.65% on the last day (Friday, 24th May 2024) from $1.37 to $1.32. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.96% from a day low at $1.31 to a day high of $1.38. The price has fallen in 9 of the last 10 days and is down by -42.86% for this period. 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 -39 thousand shares and in total, 41 thousand shares were bought and sold for approximately $53.76 thousand.
Given the current short-term trend, the stock is expected to rise 5.16% during the next 3 months and, with a 90% probability hold a price between $1.39 and $2.72 at the end of this 3-month period.
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AMPG Signals & Forecast
There are few to no technical positive signals at the moment. The AmpliTech Group, Inc. 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 $1.51 and $2.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -47.83%. 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 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 AmpliTech Group, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0650 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 6.50%.
AmpliTech Group, Inc. is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMPG) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect AmpliTech Group, Inc. to open at $1.34, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.46, which gives a possible trading interval of +/-$0.137 (+/-10.40%) up or down from last closing price. If AmpliTech Group, Inc. takes out the full calculated possible swing range there will be an estimated 20.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.37, some $0.0500 (3.79%) from the current price of $1.32, our system finds the risk reward not very attractive.
Earnings coming up
AmpliTech Group, Inc. will release earnings BMO on Tuesday, May 28, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.100. We will update the financials statements for AmpliTech Group, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.96% in the first trading day after earnings release.
Is AmpliTech Group, Inc. stock A Buy?
The AmpliTech Group, Inc. stock holds several negative signals and despite the positive trend, we believe AmpliTech Group, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for AmpliTech Group, Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $1.34 ( 1.14%) | $1.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMPG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.40 | 6.06 % | |
| R2 | 1.38 | 4.18 % | ||
| R1 | 1.36 | 3.02 % | ||
| Current price: | 1.32 | |||
| Support | S1 | 1.31 | -0.745 % | |
| S2 | 1.29 | -1.91 % | ||
| S3 | 1.27 | -3.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.44 | 9.09 % | |
| R2 | 1.43 | 8.33 % | ||
| R1 | 1.37 | 3.79 % | ||
| Current price | 1.32 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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