Asset Entities Inc. Stock Forecast

High volatility in Asset Entities Inc. stock price on Tuesday which ended trading at $1.63
(Updated on Jul 02, 2024)

ASST Signals & Forecast

The Asset Entities Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.545 and $0.458. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 406.68%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Asset Entities 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.340 between high and low, or 22.67%. For the last week the stock has had daily average volatility of 15.54%.

The Asset Entities Inc. stock is extremely overbought on RSI14 (87). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $1.59 (-2.76%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (ASST) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Asset Entities Inc. to open at $1.66, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.79, which gives a possible trading interval of +/-$0.163 (+/-10.00%) up or down from last closing price. If Asset Entities Inc. takes out the full calculated possible swing range there will be an estimated 19.99% move between the lowest and the highest trading price during the day.

Is Asset Entities Inc. stock A Buy?

Asset Entities 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 Strong 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 Asset Entities Inc. of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.