Amesite Inc. Stock Forecast
High volatility in Amesite Inc. stock price on Monday which ended trading at $3.36
(Updated on Apr 29, 2024)
The Amesite Inc. stock price gained 1.82% on the last trading day (Monday, 29th Apr 2024), rising from $3.30 to $3.36. During the last trading day the stock fluctuated 10.06% from a day low at $3.18 to a day high of $3.50. The price has been going up and down for this period, and there has been a 72.3% gain for the last 2 weeks. Volume fell on the last day by -159 thousand shares and in total, 209 thousand shares were bought and sold for approximately $701.59 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 upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.20% during the next 3 months and, with a 90% probability hold a price between $1.93 and $3.58 at the end of this 3-month period.
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AMST Signals & Forecast
The Amesite Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.76 and $2.28. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -4.00%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Amesite Inc. stock
Amesite Inc. finds support from accumulated volume at $3.35 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 $0.320 between high and low, or 10.06%. For the last week the stock has had daily average volatility of 19.80%.
Our recommended stop-loss: $3.21 (-4.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AMST) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Amesite Inc. to open at $3.35, and during the day (based on 14 day Average True Range), to move between $3.04 and $3.68, which gives a possible trading interval of +/-$0.324 (+/-9.65%) up or down from last closing price. If Amesite Inc. takes out the full calculated possible swing range there will be an estimated 19.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.35 (0.30%) than the resistance at $3.50 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amesite Inc. stock A Buy?
Amesite Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Amesite Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $3.35 ( 0.397%) | $3.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.67 | 9.13 % | |
| R2 | 3.54 | 5.49 % | ||
| R1 | 3.47 | 3.24 % | ||
| Current price: | 3.36 | |||
| Support | S1 | 3.22 | -4.03 % | |
| S2 | 3.15 | -6.28 % | ||
| S3 | 3.03 | -9.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3.50 | 4.17 % | ||
| Current price | 3.36 | |||
| Support | S1 | 3.35 | -0.298% | |
| S2 | 3.30 | -1.79% | ||
| S3 | 2.67 | -20.54% |
FAQ
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