A Spac Ii Acquisition Corporation Stock Forecast
A Spac Ii Acquisition Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
No changes to the price of A Spac Ii Acquisition Corporation stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0134 to a day high of $0.0134. The price has fallen in 5 of the last 10 days and is down by -50.37% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0124 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.85% during the next 3 months and, with a 90% probability hold a price between $0.0144 and $0.0359 at the end of this 3-month period.
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ASCBW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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 A Spac Ii Acquisition Corporation 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 $0.0148 and $0.0172. 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 A Spac Ii Acquisition Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0125 and $0.0106. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0106 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 22.64%
A Spac Ii Acquisition Corporation is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $0.0125 (-6.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ASCBW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect A Spac Ii Acquisition Corporation to open at $0.0134, and during the day (based on 14 day Average True Range), to move between $0.0100 and $0.0168, which gives a possible trading interval of +/-$0.0034 (+/-25.01%) 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 50.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0125 (6.72%) than the resistance at $0.0150 (11.94%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.0134 ( 0%) | $0.0134 |
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 | 0.0134 | - |
| R2 | 0.0134 | - |
| R1 | 0.0134 | - |
| Price | 0.0134 | |
| S1 | 0.0134 | - |
| S2 | 0.0134 | - |
| S3 | 0.0134 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0163 | 21.64% |
| R2 | 0.0160 | 19.40% |
| R1 | 0.0150 | 11.94% |
| Price | 0.0134 | |
| S1 | 0.0125 | -6.72% |
| S2 | 0.0106 | -20.90% |
| S3 | 0 | - |
FAQ
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