Athabasca Stock Forecast
Athabasca stock price up 0.199% on Tuesday
(Updated on Apr 23, 2024)
The Athabasca stock price gained 0.199% on the last trading day (Tuesday, 23rd Apr 2024), rising from $5.03 to $5.04. During the last trading day the stock fluctuated 4.06% from a day low at $4.93 to a day high of $5.13. The price has been going up and down for this period, and there has been a -3.82% loss for the last 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, 4 million shares were bought and sold for approximately $20.98 million.
Given the current short-term trend, the stock is expected to rise 24.22% during the next 3 months and, with a 90% probability hold a price between $6.26 and $7.11 at the end of this 3-month period.
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ATH.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Athabasca 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 $5.08 and $5.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -9.35%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Athabasca stock
Athabasca finds support from accumulated volume at $5.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATH.TO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Athabasca Oil Corporation to open at $5.03, and during the day (based on 14 day Average True Range), to move between $4.86 and $5.22, which gives a possible trading interval of +/-$0.177 (+/-3.52%) up or down from last closing price. If Athabasca Oil Corporation takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.01 (0.60%) than the resistance at $5.19 (2.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Athabasca Oil Corporation stock A Buy?
The Athabasca stock holds several negative signals and despite the positive trend, we believe Athabasca will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.789 Sell Candidate Unchanged
Predicted Opening Price for Athabasca Oil Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.03 ( 0.132%) | $5.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATH.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.23 | 3.84 % | |
| R2 | 5.16 | 2.32 % | ||
| R1 | 5.11 | 1.38 % | ||
| Current price: | 5.04 | |||
| Support | S1 | 4.96 | -1.65 % | |
| S2 | 4.91 | -2.58 % | ||
| S3 | 4.83 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.30 | 5.16 % | |
| R2 | 5.23 | 3.77 % | ||
| R1 | 5.19 | 2.98 % | ||
| Current price | 5.04 | |||
| Support | S1 | 5.01 | -0.595% | |
| S2 | 4.51 | -10.52% | ||
| S3 | 4.44 | -11.90% |
FAQ
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