ASP Isotopes Inc. Stock Forecast
Strong day for ASP Isotopes Inc. stock price on Thursday rising 7.91% to $3.41
(Updated on May 02, 2024)
The ASP Isotopes Inc. stock price gained 7.91% on the last trading day (Thursday, 2nd May 2024), rising from $3.16 to $3.41. During the last trading day the stock fluctuated 9.96% from a day low at $3.11 to a day high of $3.42. The price has risen in 7 of the last 10 days and is up by 10.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 199 thousand more shares were traded than the day before. In total, 823 thousand shares were bought and sold for approximately $2.80 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.11% during the next 3 months and, with a 90% probability hold a price between $3.05 and $5.18 at the end of this 3-month period.
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ASPI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ASP Isotopes Inc. 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 $3.73. On a fall, the stock will find some support from the short-term average at $3.30. 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 Thursday, March 21, 2024, and so far it has fallen -29.11%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ASP Isotopes Inc. stock
ASP Isotopes Inc. finds support from accumulated volume at $3.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.310 between high and low, or 9.96%. For the last week, the stock has had daily average volatility of 8.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASPI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect ASP Isotopes Inc. to open at $3.31, and during the day (based on 14 day Average True Range), to move between $3.08 and $3.74, which gives a possible trading interval of +/-$0.326 (+/-9.56%) up or down from last closing price. If ASP Isotopes Inc. takes out the full calculated possible swing range there will be an estimated 19.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.27 (4.11%) than the resistance at $3.65 (7.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ASP Isotopes Inc. stock A Buy?
ASP Isotopes Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.031 Sell Candidate Unchanged
Predicted Opening Price for ASP Isotopes Inc. of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$3.31 ( 2.84%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.62 | 6.25 % | |
R2 | 3.50 | 2.78 % | ||
R1 | 3.43 | 0.636 % | ||
Current price: | 3.41 | |||
Support | S1 | 3.19 | -6.31 % | |
S2 | 3.12 | -8.45 % | ||
S3 | 3.00 | -11.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.00 | 17.30 % | |
R2 | 3.92 | 14.96 % | ||
R1 | 3.65 | 7.04 % | ||
Current price | 3.41 | |||
Support | S1 | 3.27 | -4.11% | |
S2 | 3.10 | -9.09% | ||
S3 | 3.09 | -9.38% |
FAQ
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