Arbe Robotics Ltd. Stock Forecast
Big movements in Arbe Robotics Ltd. stock price on Tuesday moving 39.65% between high and low
(Updated on Jul 02, 2024)
The Arbe Robotics Ltd. stock price gained 40.45% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.174 to $0.245. During the last trading day the stock fluctuated 39.65% from a day low at $0.175 to a day high of $0.245. The price has risen in 4 of the last 10 days and is up by 31.97% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 2 thousand shares were bought and sold for approximately $587.77 . 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 has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.241, a level that may pose a second chance to hit a runner. According to fan-theory $0.316 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ARBEW Signals & Forecast
The Arbe Robotics Ltd. 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 $0.217 and $0.189. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 40.45%. 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 Arbe Robotics Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.205 and $0.190. 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, Arbe Robotics Ltd. finds support just below today's level at $0.205. If this is broken, then the next support from accumulated volume will be at $0.190 and $0.185.
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 $0.0695 between high and low, or 39.65%. For the last week the stock has had daily average volatility of 29.39%.
Our recommended stop-loss: $0.237 (-3.36%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ARBEW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Arbe Robotics Ltd. to open at $0.222, and during the day (based on 14 day Average True Range), to move between $0.213 and $0.276, which gives a possible trading interval of +/-$0.0314 (+/-12.83%) up or down from last closing price. If Arbe Robotics Ltd. takes out the full calculated possible swing range there will be an estimated 25.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.205, some $0.0394 (16.09%) from the current price of $0.245, our system finds the risk reward attractive.
Is Arbe Robotics Ltd. stock A Buy?
Arbe Robotics Ltd. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.063 Strong Buy Candidate Upgraded
Predicted Opening Price for Arbe Robotics Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.222 ( 9.46%) | $0.245 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARBEW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.291 | 18.93% |
| R2 | 0.265 | 8.08% |
| R1 | 0.248 | 1.38% |
| Price | 0.245 | |
| S1 | 0.195 | -20.31% |
| S2 | 0.179 | -27.01% |
| S3 | 0.152 | -37.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.245 | |
| S1 | 0.205 | -16.09% |
| S2 | 0.190 | -22.43% |
| S3 | 0.185 | -24.55% |
FAQ
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