Avanti Energy Inc. Stock Forecast
Avanti Energy Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
No changes to the price of Avanti Energy Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0.0556% from a day low at $0.180 to a day high of $0.180. The price has been going up and down for this period, and there has been a -12.15% loss for the last 2 weeks.
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 -40.87% during the next 3 months and, with a 90% probability hold a price between $0.0772 and $0.119 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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ARGYF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Avanti Energy 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 $0.181 and $0.195. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Avanti Energy Inc. stock
Avanti Energy Inc. finds support from accumulated volume at $0.178 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0001 between high and low, or 0.0556%. For the last week the stock has had daily average volatility of 0.0767%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARGYF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Avanti Energy Inc. to open at $0.180, and during the day (based on 14 day Average True Range), to move between $0.174 and $0.186, which gives a possible trading interval of +/-$0.0055 (+/-3.07%) up or down from last closing price. If Avanti Energy Inc. takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.178 (1.11%) than the resistance at $0.198 (9.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Avanti Energy Inc. stock A Buy?
Avanti Energy Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.071 Sell Candidate Downgraded
Predicted Opening Price for Avanti Energy Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.180 ( 0.0185%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARGYF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 0.0741% |
| R2 | 0.180 | 0.0529% |
| R1 | 0.180 | 0.0397% |
| Price | 0.180 | |
| S1 | 0.180 | -0.0027% |
| S2 | 0.180 | -0.0158% |
| S3 | 0.180 | -0.0370% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.216 | 20.00% |
| R2 | 0.200 | 11.11% |
| R1 | 0.198 | 9.83% |
| Price | 0.180 | |
| S1 | 0.178 | -1.11% |
| S2 | 0.176 | -2.22% |
| S3 | 0.175 | -2.61% |
FAQ
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