ams AG Stock Forecast
A very strong day for ams AG stock price on Wednesday
(Updated on May 01, 2024)
The ams AG stock price gained 5.23% on the last trading day (Wednesday, 1st May 2024), rising from $0.565 to $0.595. During the last trading day the stock fluctuated 0.85% from a day low at $0.595 to a day high of $0.600. The price has risen in 6 of the last 10 days and is up by 13.56% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 4 thousand shares were bought and sold for approximately $2.38 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 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 -55.04% during the next 3 months and, with a 90% probability hold a price between $0.156 and $0.307 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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AMSSY Signals & Forecast
The ams AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.542 and $0.564. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 26.64%. 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. 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 ams AG stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.564 and $0.528. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ams AG finds support just below today's level at $0.564. If this is broken, then the next support from accumulated volume will be at $0.528 and $0.525.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0051 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: $0.576 (-3.26%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AMSSY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ams AG to open at $0.597, and during the day (based on 14 day Average True Range), to move between $0.554 and $0.636, which gives a possible trading interval of +/-$0.0407 (+/-6.84%) up or down from last closing price. If ams AG takes out the full calculated possible swing range there will be an estimated 13.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.595 (0.06%) than the support at $0.564 (5.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
ams AG will release earnings -- on Tuesday, May 07, 2024. We will update the financials statements for ams AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.66% in the first trading day after earnings release.
Is ams AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.821 Buy Candidate Upgraded
Predicted Opening Price for ams AG of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.597 ( 0.283%) | $0.595 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMSSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.602 | 1.13 % | |
| R2 | 0.600 | 0.81 % | ||
| R1 | 0.599 | 0.607 % | ||
| Current price: | 0.595 | |||
| Support | S1 | 0.595 | -0.0413 % | |
| S2 | 0.594 | -0.242 % | ||
| S3 | 0.592 | -0.566 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.689 | 15.81 % | |
| R2 | 0.610 | 2.53 % | ||
| R1 | 0.595 | 0.0588 % | ||
| Current price | 0.595 | |||
| Support | S1 | 0.564 | -5.13% | |
| S2 | 0.528 | -11.30% | ||
| S3 | 0.525 | -11.69% |
AMSSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0 | 0% |
| 2 | Apr 03, 2020 | Apr 03, 2020 | Apr 09, 2020 | $0.0894 | 1.76% |
FAQ
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