Alterity Therapeutics Limited Stock Forecast

Big movements in Alterity Therapeutics Limited stock price on Friday moving 21.68% between high and low
(Updated on Apr 26, 2024)

ATHE Signals & Forecast

The Alterity Therapeutics Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.22 and $1.99. A breakdown below any of these levels will issue sell signals. 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. 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 Friday, April 12, 2024, and so far it has fallen -14.63%. Further fall is indicated until a new bottom pivot has been found.

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

Alterity Therapeutics Limited finds support from accumulated volume at $2.45 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 $0.490 between high and low, or 21.68%. For the last week, the stock has had daily average volatility of 12.96%.

Our recommended stop-loss: $2.36 (-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 10 days ago.)

Trading Expectations (ATHE) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Alterity Therapeutics Limited to open at $2.51, and during the day (based on 14 day Average True Range), to move between $2.23 and $2.79, which gives a possible trading interval of +/-$0.276 (+/-10.99%) up or down from last closing price. If Alterity Therapeutics Limited takes out the full calculated possible swing range there will be an estimated 21.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.45 (2.39%) than the resistance at $2.63 (4.78%), 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?

Alterity Therapeutics Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.357 Strong Buy Candidate Upgraded

Predicted Opening Price for Alterity Therapeutics Limited of Monday, April 29, 2024

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