Aston Bay Holdings Ltd. Stock Forecast

Aston Bay Holdings Ltd. stock price took a fall of -6.39% on Friday
(Updated on May 10, 2024)

ATBHF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 11.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aston Bay Holdings Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0938. On a fall, the stock will find some support from the short-term average at $0.0887. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aston Bay Holdings Ltd. stock

Aston Bay Holdings Ltd. finds support from accumulated volume at $0.0853 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0036 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: $0.0856 (-4.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (ATBHF) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Aston Bay Holdings Ltd. to open at $0.0882, and during the day (based on 14 day Average True Range), to move between $0.0844 and $0.0944, which gives a possible trading interval of +/-$0.0050 (+/-5.58%) up or down from last closing price. If Aston Bay Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 11.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0930 (4.03%) than the support at $0.0853 (4.56%), 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 Aston Bay Holdings Ltd. stock A Buy?

Aston Bay Holdings Ltd. 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.

Current score: -0.608 Hold/Accumulate Unchanged

Predicted Opening Price for Aston Bay Holdings Ltd. of Monday, May 13, 2024

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