Atossa Genetics Stock Forecast
Green day on Friday for Atossa Genetics
(Updated on Apr 26, 2024)
The Atossa Genetics stock price gained 0.658% on the last trading day (Friday, 26th Apr 2024), rising from $1.52 to $1.53. It has now gained 5 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 5.63% from a day low at $1.51 to a day high of $1.60. The price has risen in 7 of the last 10 days but is still down by -7.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 896 thousand shares were bought and sold for approximately $1.37 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 76.29% during the next 3 months and, with a 90% probability hold a price between $2.56 and $4.17 at the end of this 3-month period.
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ATOS Signals & Forecast
There are mixed signals in the stock today. The Atossa Genetics 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 $1.60. On a fall, the stock will find some support from the short-term average at $1.46. 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -27.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Atossa Genetics 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Atossa Genetics stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.42 and $1.35. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Atossa Genetics finds support just below today's level at $1.42. If this is broken, then the next support from accumulated volume will be at $1.35 and $1.15.
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 $0.0850 between high and low, or 5.63%. For the last week, the stock has had daily average volatility of 8.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATOS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Atossa Genetics Inc. to open at $1.55, and during the day (based on 14 day Average True Range), to move between $1.36 and $1.70, which gives a possible trading interval of +/-$0.171 (+/-11.16%) up or down from last closing price. If Atossa Genetics Inc. takes out the full calculated possible swing range there will be an estimated 22.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.63 (6.54%) than the support at $1.42 (7.19%), 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 Atossa Genetics Inc. stock A Buy?
Atossa Genetics 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: -3.340 Sell Candidate Unchanged
Predicted Opening Price for Atossa Genetics Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$1.55 ( 0.98%) | $1.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.63 | 6.54 % | |
R2 | 1.60 | 4.41 % | ||
R1 | 1.58 | 3.10 % | ||
Current price: | 1.53 | |||
Support | S1 | 1.51 | -1.14 % | |
S2 | 1.49 | -2.45 % | ||
S3 | 1.46 | -4.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.87 | 22.22 % | |
R2 | 1.84 | 20.26 % | ||
R1 | 1.63 | 6.54 % | ||
Current price | 1.53 | |||
Support | S1 | 1.42 | -7.19% | |
S2 | 1.35 | -11.76% | ||
S3 | 1.15 | -24.84% |
FAQ
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