ATA Inc. Stock Forecast
Big movements in ATA Inc. stock price on Thursday moving 13.33% between high and low
(Updated on Mar 28, 2024)
The ATA Inc. stock price gained 10.06% on the last trading day (Thursday, 28th Mar 2024), rising from $1.79 to $1.97. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.33% from a day low at $1.80 to a day high of $2.04. The price has risen in 6 of the last 10 days and is up by 17.26% 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $5.81 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 2.90% during the next 3 months and, with a 90% probability hold a price between $1.51 and $2.27 at the end of this 3-month period.
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ATAI Signals & Forecast
The ATA 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 $1.74 and $1.86. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 07, 2024, and so far it has fallen -10.05%. 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 ATA Inc. stock
ATA Inc. finds support from accumulated volume at $1.96 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 $0.240 between high and low, or 13.33%. For the last week, the stock has had daily average volatility of 7.59%.
Our recommended stop-loss: $1.87 (-5.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (ATAI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ATA Inc. to open at $1.94, and during the day (based on 14 day Average True Range), to move between $1.82 and $2.12, which gives a possible trading interval of +/-$0.151 (+/-7.64%) up or down from last closing price. If ATA Inc. takes out the full calculated possible swing range there will be an estimated 15.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.96 (0.51%) than the resistance at $2.01 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ATA 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 ATA 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: 1.490 Buy Candidate Upgraded
Predicted Opening Price for ATA Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.94 ( 1.69%) | $1.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.18 | 10.49 % | |
R2 | 2.08 | 5.84 % | ||
R1 | 2.03 | 2.96 % | ||
Current price: | 1.97 | |||
Support | S1 | 1.84 | -6.35 % | |
S2 | 1.79 | -9.22 % | ||
S3 | 1.70 | -13.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.19 | 11.17 % | |
R2 | 2.02 | 2.54 % | ||
R1 | 2.01 | 2.03 % | ||
Current price | 1.97 | |||
Support | S1 | 1.96 | -0.508% | |
S2 | 1.77 | -10.15% | ||
S3 | 1.72 | -12.69% |
ATAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 08, 2018 | Aug 27, 2018 | Aug 24, 2018 | $6.00 | 0% |
2 | Jun 01, 2017 | Jun 08, 2017 | Jun 30, 2017 | $0.410 | 0% |
3 | May 29, 2014 | Jun 26, 2014 | Jul 31, 2014 | $0.410 | 0% |
4 | Aug 16, 2012 | Aug 16, 2012 | Sep 20, 2012 | $0.150 | 0% |
5 | Jun 08, 2011 | Jun 28, 2011 | Aug 01, 2011 | $0.430 | 0% |
FAQ
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