Aspen Group Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Aspen Group Inc stock price on Friday which ended trading at $0.262
(Updated on May 03, 2024)
The Aspen Group Inc stock price gained 11.19% on the last trading day (Friday, 3rd May 2024), rising from $0.235 to $0.262. During the last trading day the stock fluctuated 18.87% from a day low at $0.221 to a day high of $0.263. The price has risen in 6 of the last 10 days but is still down by -2.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $9.02 thousand.
The stock lies in the middle of a very wide and strong 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 43.72% during the next 3 months and, with a 90% probability hold a price between $0.328 and $0.451 at the end of this 3-month period.
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ASPU Signals & Forecast
The Aspen Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.256 and $0.256. A breakdown below any of these levels will issue sell signals. Aspen Group Inc 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. 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, April 03, 2024, and so far it has fallen -6.50%. 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).
Support, Risk & Stop-loss for Aspen Group Inc stock
Aspen Group Inc finds support from accumulated volume at $0.260 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 $0.0417 between high and low, or 18.87%. For the last week, the stock has had daily average volatility of 17.71%.
Our recommended stop-loss: $0.251 (-4.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (ASPU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Aspen Group Inc to open at $0.249, and during the day (based on 14 day Average True Range), to move between $0.229 and $0.294, which gives a possible trading interval of +/-$0.0325 (+/-12.42%) up or down from last closing price. If Aspen Group Inc takes out the full calculated possible swing range there will be an estimated 24.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.262 (0.08%) than the support at $0.260 (0.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Aspen Group Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aspen Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.024 Buy Candidate Upgraded
Predicted Opening Price for Aspen Group Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.249 ( 5.08%) | $0.262 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.290 | 10.85 % | |
| R2 | 0.274 | 4.76 % | ||
| R1 | 0.264 | 1.00 % | ||
| Current price: | 0.262 | |||
| Support | S1 | 0.233 | -11.16 % | |
| S2 | 0.223 | -14.92 % | ||
| S3 | 0.207 | -21.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 6.84 % | |
| R2 | 0.277 | 5.70 % | ||
| R1 | 0.262 | 0.0764 % | ||
| Current price | 0.262 | |||
| Support | S1 | 0.260 | -0.688% | |
| S2 | 0.250 | -4.55% | ||
| S3 | 0.220 | -15.97% |
FAQ
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