Alphatime Acquisition Corp Stock Forecast

Alphatime Acquisition Corp stock price ended at $11.06 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)

ATMC Signals & Forecast

The Alphatime Acquisition Corp 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 $11.05 and $11.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.181%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Alphatime Acquisition Corp stock

Alphatime Acquisition Corp finds support from accumulated volume at $11.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0181%

Alphatime Acquisition Corp is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $10.30 (-6.86%) (This stock has low daily movements and this gives low risk. Low RSI14 is 6 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (ATMC) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Alphatime Acquisition Corp to open at $11.06, and during the day (based on 14 day Average True Range), to move between $11.01 and $11.11, which gives a possible trading interval of +/-$0.0530 (+/-0.48%) up or down from last closing price. If Alphatime Acquisition Corp takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.05 (0.09%) than the resistance at $11.08 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alphatime Acquisition Corp stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alphatime Acquisition Corp stock to perform well in the short-term period.

Current score: 1.377 Buy Candidate Unchanged

Predicted Opening Price for Alphatime Acquisition Corp of Friday, June 21, 2024

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