ATI Physical Therapy, Inc. Stock Forecast
ATI Physical Therapy, Inc. stock price ended at $4.18 on Thursday, after gaining 2.95%.
(Updated on Apr 25, 2024)
The ATI Physical Therapy, Inc. stock price gained 2.95% on the last trading day (Thursday, 25th Apr 2024), rising from $4.06 to $4.18. During the last trading day the stock fluctuated 3.46% from a day low at $4.05 to a day high of $4.19. The price has been going up and down for this period, and there has been a 1.21% gain 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, 297 more shares were traded than the day before. In total, 915 shares were bought and sold for approximately $3.82 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.83% during the next 3 months and, with a 90% probability hold a price between $2.55 and $3.68 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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ATIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.72%. Further rise is indicated until a new top pivot has been found. ATI Physical Therapy, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ATI Physical Therapy, Inc. 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 $5.32. On a fall, the stock will find some support from the short-term average at $4.09. 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).
Support, Risk & Stop-loss for ATI Physical Therapy, Inc. stock
ATI Physical Therapy, Inc. finds support from accumulated volume at $4.17 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 $0.140 between high and low, or 3.46%. For the last week, the stock has had daily average volatility of 3.52%.
ATI Physical Therapy, Inc. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATIP) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ATI Physical Therapy, Inc. to open at $4.14, and during the day (based on 14 day Average True Range), to move between $3.88 and $4.48, which gives a possible trading interval of +/-$0.297 (+/-7.10%) up or down from last closing price. If ATI Physical Therapy, Inc. takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.17 (0.24%) than the resistance at $4.70 (12.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ATI Physical Therapy, Inc. stock A Buy?
ATI Physical Therapy, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.608 Sell Candidate Unchanged
Predicted Opening Price for ATI Physical Therapy, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.14 ( 0.96%) | $4.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.28 | 2.39 % | |
| R2 | 4.23 | 1.11 % | ||
| R1 | 4.19 | 0.322 % | ||
| Current price: | 4.18 | |||
| Support | S1 | 4.09 | -2.24 % | |
| S2 | 4.05 | -3.03 % | ||
| S3 | 4.00 | -4.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 23.21 % | |
| R2 | 4.82 | 15.31 % | ||
| R1 | 4.70 | 12.44 % | ||
| Current price | 4.18 | |||
| Support | S1 | 4.17 | -0.239% | |
| S2 | 4.13 | -1.20% | ||
| S3 | 4.10 | -1.91% |
FAQ
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