Alice Queen Limited Stock Forecast

Alice Queen Limited stock price fell more than -12.50% Friday closing at $0.0070
(Updated on May 17, 2024)

AQX.AX Signals & Forecast

The Alice Queen Limited 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 $0.0070 and $0.0058. 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, May 16, 2024, and so far it has fallen -12.50%. Further fall is indicated until a new bottom pivot has been found. 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 Alice Queen Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0060. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 9.52%.

Our recommended stop-loss: $0.0066 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AQX.AX) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Alice Queen Limited to open at $0.0070, and during the day (based on 14 day Average True Range), to move between $0.0064 and $0.0076, which gives a possible trading interval of +/-$0.0006 (+/-7.97%) up or down from last closing price. If Alice Queen Limited takes out the full calculated possible swing range there will be an estimated 15.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0080 (14.29%) than the support at $0.0060 (14.29%), 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.

Is Alice Queen Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alice Queen Limited stock to perform well in the short-term.

Current score: 2.556 Buy Candidate Unchanged

Predicted Opening Price for Alice Queen Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.