RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ATHE
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Volatile ride for Alterity Therapeutics Limited stock price on Wednesday moving between $1.77 and $2.02
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Alterity Therapeutics Limited stock price gained 12.22% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.80 to $2.02. During the last trading day the stock fluctuated 14.12% from a day low at $1.77 to a day high of $2.02. The price has risen in 5 of the last 10 days and is up by 8.02% 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, 78 thousand more shares were traded than the day before. In total, 102 thousand shares were bought and sold for approximately $205.27 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.02 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.16% during the next 3 months and, with a 90% probability hold a price between $1.25 and $1.64 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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ATHE Signals & Forecast

Mostly positive signals in the chart today. The Alterity Therapeutics Limited 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 $1.78 and $1.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 21.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Alterity Therapeutics Limited 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.

Support, Risk & Stop-loss for Alterity Therapeutics Limited stock

Alterity Therapeutics Limited finds support from accumulated volume at $1.95 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 $0.250 between high and low, or 14.12%. For the last week, the stock has had daily average volatility of 8.08%.

Our recommended stop-loss: $1.95 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (ATHE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Alterity Therapeutics Limited to open at $1.94, and during the day (based on 14 day Average True Range), to move between $1.87 and $2.17, which gives a possible trading interval of +/-$0.148 (+/-7.33%) up or down from last closing price. If Alterity Therapeutics Limited takes out the full calculated possible swing range there will be an estimated 14.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.95 (3.47%) than the resistance at $2.10 (3.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alterity Therapeutics Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 4.178 Buy Candidate Upgraded

Predicted Opening Price for Alterity Therapeutics Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.94 ( 4.13%) $2.02

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

Trading levels for ATHE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.19 8.25 %
R2 2.09 3.52 %
R1 2.03 0.602 %
Current price: 2.02
Support S1 1.84 -8.85 %
S2 1.78 -11.77 %
S3 1.69 -16.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.36 16.83 %
R2 2.14 5.94 %
R1 2.10 3.96 %
Current price 2.02
Support S1 1.95 -3.47%
S2 1.87 -7.43%
S3 1.71 -15.35%

FAQ

What is the symbol for Alterity Therapeutics Limited Stock and on which exchange is it traded?
The symbol for Alterity Therapeutics Limited is ATHE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Alterity Therapeutics Limited Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

How to buy Alterity Therapeutics Limited Stock?
Alterity Therapeutics Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Alterity Therapeutics Limited Stock.

What's the current price of Alterity Therapeutics Limited Stock?
As of the end of day on the 2024-03-27, the price of an Alterity Therapeutics Limited (ATHE) share was $2.02.

What is the 52-week high and low for Alterity Therapeutics Limited Stock?
The 52-week high for Alterity Therapeutics Limited Stock is $5.41 and the 52-week low is $1.55.

What is the market capitalization of Alterity Therapeutics Limited Stock?
As of the 2024-03-27, the market capitalization of Alterity Therapeutics Limited is 15.206M.
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About Alterity Therapeutics Limited

Alterity Therapeutics Limited Alterity Therapeutics Limited engages in the research and development of therapeutic drugs to treat Alzheimer's disease, Huntington disease, Parkinson's disease, and other neurological disorders in Australia. The company's lead drug candidate is ATH434 that has completed Phase I clinical trial for the treatment of Parkinson's disease. It is also developing PBT2 that has completed Phase IIa clinical trial to treat Alzheimer's disease. The company ... ATHE Profile

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