Actelis Networks, Inc. Stock Forecast
Red day on Wednesday for Actelis Networks, Inc. stock after losing 2.67%
(Updated on May 08, 2024)
The Actelis Networks, Inc. stock price fell by -2.67% on the last day (Wednesday, 8th May 2024) from $0.596 to $0.580. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.35% from a day low at $0.578 to a day high of $0.608. The price has fallen in 6 of the last 10 days and is down by -27.14% for this period. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 72 thousand shares were bought and sold for approximately $41.86 thousand.
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 -45.32% during the next 3 months and, with a 90% probability hold a price between $0.291 and $0.373 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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ASNS Signals & Forecast
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. The Actelis Networks, 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 $0.655 and $0.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -27.82%. Further fall is indicated until a new bottom pivot has been found. Actelis Networks, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Actelis Networks, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0309 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 19.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASNS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Actelis Networks, Inc. to open at $0.589, and during the day (based on 14 day Average True Range), to move between $0.501 and $0.659, which gives a possible trading interval of +/-$0.0794 (+/-13.69%) up or down from last closing price. If Actelis Networks, Inc. takes out the full calculated possible swing range there will be an estimated 27.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.600, some $0.0200 (3.45%) from the current price of $0.580, our system finds the risk reward not very attractive.
Earnings coming up
Actelis Networks, Inc. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Actelis Networks, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 16.06% in the first trading day after earnings release.
Is Actelis Networks, Inc. stock A Buy?
Actelis Networks, 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.
Current score: -6.671 Strong Sell Candidate Unchanged
Predicted Opening Price for Actelis Networks, Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.589 ( 1.49%) | $0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASNS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 6.82 % | |
| R2 | 0.608 | 4.78 % | ||
| R1 | 0.600 | 3.52 % | ||
| Current price: | 0.580 | |||
| Support | S1 | 0.577 | -0.547 % | |
| S2 | 0.570 | -1.80 % | ||
| S3 | 0.558 | -3.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.629 | 8.45 % | |
| R2 | 0.612 | 5.53 % | ||
| R1 | 0.600 | 3.45 % | ||
| Current price | 0.580 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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