ATI Physical Therapy, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strong day for ATI Physical Therapy, Inc. stock price on Monday rising 7.99% to $5.00
(Updated on May 06, 2024)
The ATI Physical Therapy, Inc. stock price gained 7.99% on the last trading day (Monday, 6th May 2024), rising from $4.63 to $5.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.66% from a day low at $4.62 to a day high of $5.02. The price has risen in 7 of the last 10 days and is up by 22.9% 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, 7 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $38.82 thousand.
Given the current short-term trend, the stock is expected to fall -41.51% during the next 3 months and, with a 90% probability hold a price between $1.98 and $2.92 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
The ATI Physical Therapy, Inc. 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 $4.42 and $4.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 24.07%. 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). 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.
Support, Risk & Stop-loss for ATI Physical Therapy, Inc. stock
ATI Physical Therapy, Inc. finds support from accumulated volume at $4.82 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 $0.400 between high and low, or 8.66%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: $4.82 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ATIP) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ATI Physical Therapy, Inc. to open at $4.88, and during the day (based on 14 day Average True Range), to move between $4.73 and $5.27, which gives a possible trading interval of +/-$0.268 (+/-5.36%) 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 10.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.82 (3.60%) than the resistance at $5.40 (8.00%), 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 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ATI Physical Therapy, Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.88 ( 2.40%) | $5.00 |
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 | 5.28 | 5.60 % | |
| R2 | 5.13 | 2.54 % | ||
| R1 | 5.03 | 0.656 % | ||
| Current price: | 5.00 | |||
| Support | S1 | 4.73 | -5.46 % | |
| S2 | 4.63 | -7.34 % | ||
| S3 | 4.48 | -10.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.08 | 21.60 % | |
| R2 | 5.58 | 11.60 % | ||
| R1 | 5.40 | 8.00 % | ||
| Current price | 5.00 | |||
| Support | S1 | 4.82 | -3.60% | |
| S2 | 4.13 | -17.40% | ||
| S3 | 4.10 | -18.00% |
FAQ
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