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Aterian, Inc. Stock Forecast NASDAQ:ATER

$9.96 (-11.47%)

Volume: 15M

Closed: September 16, 2021

Score: -0.014
Weaker Hold
Today ATER ranks #10557 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

Aterian, Inc. Stock Forecast

$9.96 (-11.47%)

Volume: 15M

Closed: September 16, 2021

Score -0.014
Which way will ATER go? Request
Stop-loss: $9.38 (-5.78%)
Key Stats
Beta 1.88
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 61 and the stock is currently not being overbought or oversold

Volatile ride for Aterian, Inc. stock price on Thursday moving between $9.72 and $10.98
(Updated on September 16, 2021)


Buy or Hold candidate since 2021-09-09 Loss -2.16%

The Aterian, Inc. stock price fell by -11.47% on the last day (Thursday, 16th Sep 2021) from $11.25 to $9.96. During the day the stock fluctuated 12.96% from a day low at $9.72 to a day high of $10.98. The price has risen in 7 of the last 10 days and is up by 34.59% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -40 million shares and in total, 15 million shares were bought and sold for approximately $144.82 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -34.76% during the next 3 months and, with a 90% probability hold a price between $0.29 and $11.44 at the end of this 3-month period.

Signals & Forecast

The Aterian, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $11.62. On a fall, the stock will find some support from the long-term average at approximately $7.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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 Monday, September 13, 2021, and so far it has fallen -44.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Aterian, Inc. finds support from accumulated volume at $9.47 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 $1.26 between high and low, or 12.96%. For the last week, the stock has had a daily average volatility of 31.63%.

Our recommended stop-loss: $9.38 (-5.78%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Is Aterian, Inc. stock A Buy?

Aterian, 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.

Current score: -0.014

Predicted Opening Price for Aterian, Inc. of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$10.22 $9.96 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On August 10, 2021 "Roth Capital" gave "$5.50" rating for ATER. The price target was changed from $5.49 to 33.3%.

Volatility and Risk
Daily Average Volatility: 31.63 %
Overall Risk: Very High High Medium Low Very Low
Volatility
31.63 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.18
Price: $9.96
Support: $9.47

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.48 15.26 %
11.00 10.43 %
10.70 7.44 %
Current price: 9.96
Support 9.74 -2.22 %
9.44 -5.21 %
8.96 -10.04 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.80 18.47 %
10.96 10.04 %
10.18 2.21 %
Current price 9.96
Support 9.47 -4.92%
9.21 -7.53%
8.34 -16.27%

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