Aquestive Therapeutics Inc. Stock Forecast
Red day on Tuesday for Aquestive Therapeutics Inc.
(Updated on Apr 16, 2024)
The Aquestive Therapeutics Inc. stock price fell by -2.28% on the last day (Tuesday, 16th Apr 2024) from $3.94 to $3.85. During the last trading day the stock fluctuated 4.57% from a day low at $3.72 to a day high of $3.89. The price has fallen in 6 of the last 10 days and is down by -7% for this period. Volume has increased on the last day by 542 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $7.25 million.
Given the current short-term trend, the stock is expected to rise 58.72% during the next 3 months and, with a 90% probability hold a price between $6.11 and $11.05 at the end of this 3-month period.
AQST Signals & Forecast
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 Aquestive Therapeutics 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 $4.00 and $4.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -36.78%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aquestive Therapeutics Inc. stock
Aquestive Therapeutics Inc. finds support from accumulated volume at $3.67 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 $0.170 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 6.50%.
Our recommended stop-loss: $3.70 (-3.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (AQST) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Aquestive Therapeutics Inc. to open at $3.82, and during the day (based on 14 day Average True Range), to move between $3.48 and $4.22, which gives a possible trading interval of +/-$0.366 (+/-9.52%) up or down from last closing price. If Aquestive Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 19.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.67 (4.68%) than the resistance at $4.18 (8.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aquestive Therapeutics Inc. stock A Buy?
Aquestive Therapeutics Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.357 Hold/Accumulate Unchanged
Predicted Opening Price for Aquestive Therapeutics Inc. of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $3.82 ( 0.779%) | $3.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.99 | 3.64 % | |
| R2 | 3.93 | 1.95 % | ||
| R1 | 3.88 | 0.91 % | ||
| Current price: | 3.85 | |||
| Support | S1 | 3.76 | -2.47 % | |
| S2 | 3.71 | -3.51 % | ||
| S3 | 3.65 | -5.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.51 | 17.01 % | |
| R2 | 4.38 | 13.77 % | ||
| R1 | 4.18 | 8.57 % | ||
| Current price | 3.85 | |||
| Support | S1 | 3.67 | -4.68% | |
| S2 | 3.65 | -5.19% | ||
| S3 | 3.20 | -16.88% |
FAQ
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