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$9.38 (-2.90%)

Volume: 139.532k

Closed: Jun 30, 2022

Hollow Logo Score: -3.587

Atomera Inc Stock Forecast

$9.38 (-2.90%)

Volume: 139.532k

Closed: Jun 30, 2022

Score Hollow Logo -3.587
Which way will ATOM go? Request
Thu, Jun 30, 2022 Sell Candidate
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 37 and the stock is currently not being overbought or oversold
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Stronger technical forecast for Atomera Inc stock price after Thursday trading.
(Updated on Jun 30, 2022)

Sell candidate since 2022-06-06 Loss -17.72% PDF

The Atomera Inc stock price fell by -2.90% on the last day (Thursday, 30th Jun 2022) from $9.66 to $9.38. During the day the stock fluctuated 5.12% from a day low at $9.18 to a day high of $9.65. The price has been going up and down for this period, and there has been a -2.8% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 140 thousand shares were bought and sold for approximately $1.31 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.48% during the next 3 months and, with a 90% probability hold a price between $7.19 and $10.99 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Atomera Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.74 and $10.82. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, June 14, 2022, and so far it has risen 2.74%. 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).

Support, Risk & Stop-loss

Atomera Inc finds support from accumulated volume at $9.33 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.47 between high and low, or 5.12%. For the last week the stock has had a daily average volatility of 6.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday 1st we expect Atomera Inc to open at $9.40, and during day (based on 14 day Average True Range), to move between $8.64 and $10.12, which gives a possible trading interval of +/-$0.74 (+/-7.92%) up or down from last closing price. If Atomera Inc takes out the full calculated possible swing range there will be an estimated 15.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.33 (0.53%) than the resistance at $10.51 (12.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atomera Inc stock A Buy?

Atomera 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.587

Sell Candidate Upgraded

Predicted Opening Price for Atomera Inc of Friday, July 1, 2022

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

Fair opening price July 1, 2022 Current price
$9.40 $9.38 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.87 5.26 %
9.69 3.35 %
9.58 2.16 %
Current price: 9.38
Support 9.22 -1.67 %
9.11 -2.85 %
8.93 -4.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.37 21.22 %
11.28 20.26 %
10.51 12.05 %
Current price 9.38
Support 9.33 -0.53%
9.26 -1.28%
9.13 -2.67%

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