Stronger technical forecast for Aspen Aerogels Inc stock price after Wednesday trading.
(Updated on Aug 10, 2022)
Hold candidate since 2022-08-10 PDF
The Aspen Aerogels Inc stock price gained 2.00% on the last trading day (Wednesday, 10th Aug 2022), rising from $13.53 to $13.80. During the last trading day the stock fluctuated 4.94% from a day low at $13.77 to a day high of $14.45. The price has been going up and down for this period, and there has been a 23.21% gain 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, 66 thousand more shares were traded than the day before. In total, 471 thousand shares were bought and sold for approximately $6.49 million.
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 -29.86% during the next 3 months and, with a 90% probability hold a price between $3.66 and $11.30 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.
Signals & Forecast
The Aspen Aerogels Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $14.14. On a fall, the stock will find some support from the long-term average at approximately $11.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, August 03, 2022, and so far it has fallen -6.38%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $12.13 and $10.89. There is 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, Aspen Aerogels Inc finds support just below today's level at $12.13. If this is broken, then the next support from accumulated volume will be at $10.89 and $10.73.
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 $0.68 between high and low, or 4.94%. For the last week, the stock has had a daily average volatility of 5.85%.
Our recommended stop-loss: $13.04 (-5.53%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations For The Upcoming Trading Day Of Thursday 11th
For the upcoming trading day on Thursday 11th we expect Aspen Aerogels Inc to open at $14.01, and during day (based on 14 day Average True Range), to move between $12.75 and $14.85, which gives a possible trading interval of +/-$1.05 (+/-7.60%) up or down from last closing price. If Aspen Aerogels Inc takes out the full calculated possible swing range there will be an estimated 15.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.44 (4.64%) than the support at $12.13 (12.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.
Is Aspen Aerogels Inc stock A Buy?
Aspen Aerogels Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.113Hold/Accumulate Upgraded
Predicted Opening Price for Aspen Aerogels Inc of Thursday, August 11, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price August 11, 2022||Current price|
Remember To Visit Our YouTube Channel
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
About Aspen Aerogels Inc
Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructur... Read more
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.