Ascent Solar Technologies, Inc Stock Forecast
Green day on Monday for Ascent Solar Technologies, Inc stock after gaining 4.17%
(Updated on Apr 22, 2024)
The Ascent Solar Technologies, Inc stock price gained 4.17% on the last trading day (Monday, 22nd Apr 2024), rising from $0.0983 to $0.102. During the last trading day the stock fluctuated 8.22% from a day low at $0.0961 to a day high of $0.104. The price has fallen in 8 of the last 10 days and is down by -67.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $108.85 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0876 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -74.10% during the next 3 months and, with a 90% probability hold a price between $0.0227 and $0.0603 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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ASTI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.17%. Further rise is indicated until a new top pivot has been found. Ascent Solar Technologies, 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ascent Solar Technologies, 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 $0.111 and $0.300. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ascent Solar Technologies, Inc stock
Ascent Solar Technologies, Inc finds support from accumulated volume at $0.0983 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 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 $0.0079 between high and low, or 8.22%. For the last week, the stock has had daily average volatility of 14.34%.
Ascent Solar Technologies, Inc is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASTI) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Ascent Solar Technologies, Inc to open at $0.101, and during the day (based on 14 day Average True Range), to move between $0.0689 and $0.136, which gives a possible trading interval of +/-$0.0335 (+/-32.68%) up or down from last closing price. If Ascent Solar Technologies, Inc takes out the full calculated possible swing range there will be an estimated 65.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.106 (3.03%) than the support at $0.0983 (4.00%), 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 Ascent Solar Technologies, Inc stock A Buy?
Ascent Solar Technologies, 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: -5.148 Strong Sell Candidate Unchanged
Predicted Opening Price for Ascent Solar Technologies, Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.101 ( 1.53%) | $0.102 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.109 | 6.18 % | |
| R2 | 0.106 | 3.24 % | ||
| R1 | 0.104 | 1.42 % | ||
| Current price: | 0.102 | |||
| Support | S1 | 0.0978 | -4.48 % | |
| S2 | 0.0960 | -6.30 % | ||
| S3 | 0.0929 | -9.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.110 | 7.71 % | |
| R2 | 0.107 | 4.00 % | ||
| R1 | 0.106 | 3.03 % | ||
| Current price | 0.102 | |||
| Support | S1 | 0.0983 | -4.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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