A Spac Ii Acquisition Corporation Stock Forecast
Volatile ride for A Spac Ii Acquisition Corporation stock price on Tuesday moving between $0.0103 and $0.0158
(Updated on Jul 02, 2024)
The A Spac Ii Acquisition Corporation stock price gained 46.30% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0108 to $0.0158. During the last trading day the stock fluctuated 53.40% from a day low at $0.0103 to a day high of $0.0158. The price has been going up and down for this period, and there has been a -3.07% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 700 more shares were traded than the day before. In total, 700 shares were bought and sold for approximately $11.06 .
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 -23.82% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0178 at the end of this 3-month period.
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ASCBW Signals & Forecast
There are mixed signals in the stock today. The A Spac Ii Acquisition Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0172. On a fall, the stock will find some support from the short-term average at $0.0126. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -44.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A Spac Ii Acquisition Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for A Spac Ii Acquisition Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0150 and $0.0134. 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, A Spac Ii Acquisition Corporation finds support just below today's level at $0.0150. If this is broken, then the next support from accumulated volume will be at $0.0134 and $0.0125.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0055 between high and low, or 53.40%. For the last week, the stock has had daily average volatility of 15.23%.
Our recommended stop-loss: $0.0148 (-6.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (ASCBW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect A Spac Ii Acquisition Corporation to open at $0.0140, and during the day (based on 14 day Average True Range), to move between $0.0132 and $0.0184, which gives a possible trading interval of +/-$0.0026 (+/-16.66%) up or down from last closing price. If A Spac Ii Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 33.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0150 (5.06%) than the resistance at $0.0170 (7.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A Spac Ii Acquisition Corporation stock A Buy?
A Spac Ii Acquisition Corporation 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 A Spac Ii Acquisition Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0140 ( 11.60%) | $0.0158 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASCBW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0195 | 23.21% |
| R2 | 0.0174 | 9.91% |
| R1 | 0.0161 | 1.69% |
| Price | 0.0158 | |
| S1 | 0.0119 | -24.90% |
| S2 | 0.0106 | -33.12% |
| S3 | 0.0085 | -46.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0190 | 20.25% |
| R2 | 0.0179 | 13.29% |
| R1 | 0.0170 | 7.59% |
| Price | 0.0158 | |
| S1 | 0.0150 | -5.06% |
| S2 | 0.0134 | -15.19% |
| S3 | 0.0125 | -20.89% |
FAQ
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