Atomera Inc Stock Forecast
Green day on Tuesday for Atomera Inc
(Updated on Jul 02, 2024)
The Atomera Inc stock price gained 2.93% on the last trading day (Tuesday, 2nd Jul 2024), rising from $3.75 to $3.86. During the last trading day the stock fluctuated 5.87% from a day low at $3.67 to a day high of $3.88. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 217 thousand shares were bought and sold for approximately $837.47 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -38.54% during the next 3 months and, with a 90% probability hold a price between $2.00 and $2.56 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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ATOM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $3.87 and $4.07. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Atomera Inc stock
Atomera Inc finds support from accumulated volume at $3.81 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 controlled movements and therefore the general risk is considered 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 $0.215 between high and low, or 5.87%. For the last week the stock has had daily average volatility of 7.51%.
Our recommended stop-loss: $3.66 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (ATOM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Atomera Inc to open at $3.80, and during the day (based on 14 day Average True Range), to move between $3.61 and $4.11, which gives a possible trading interval of +/-$0.252 (+/-6.52%) up or down from last closing price. If Atomera Inc takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.87 (0.26%) than the support at $3.81 (1.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Atomera Inc stock A Buy?
Atomera Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.074 Hold/Accumulate Unchanged
Predicted Opening Price for Atomera Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.80 ( 1.51%) | $3.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATOM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.02 | 4.06% |
| R2 | 3.93 | 1.93% |
| R1 | 3.88 | 0.616% |
| Price | 3.86 | |
| S1 | 3.72 | -3.64% |
| S2 | 3.67 | -4.95% |
| S3 | 3.59 | -7.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.45 | 15.28% |
| R2 | 3.88 | 0.518% |
| R1 | 3.87 | 0.259% |
| Price | 3.86 | |
| S1 | 3.81 | -1.30% |
| S2 | 3.76 | -2.59% |
| S3 | 3.75 | -2.85% |
FAQ
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