Ault Alliance, Inc. Stock Forecast
High volatility in Ault Alliance, Inc. stock price on Monday which ended trading at $0.392
(Updated on May 20, 2024)
The Ault Alliance, Inc. stock price gained 1.95% on the last trading day (Monday, 20th May 2024), rising from $0.385 to $0.392. It has now gained 3 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 14.23% from a day low at $0.362 to a day high of $0.413. The price has risen in 6 of the last 10 days and is up by 16.27% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 2 million shares were bought and sold for approximately $943.97 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.
Given the current short-term trend, the stock is expected to fall -22.51% during the next 3 months and, with a 90% probability hold a price between $0.156 and $0.304 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AULT Signals & Forecast
The Ault Alliance, Inc. 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 $0.360 and $0.331. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 62.08%. 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. 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 Ault Alliance, Inc. stock
Ault Alliance, Inc. finds support from accumulated volume at $0.390 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 $0.0515 between high and low, or 14.23%. For the last week the stock has had daily average volatility of 14.74%.
Our recommended stop-loss: $0.381 (-3.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (AULT) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ault Alliance, Inc. to open at $0.389, and during the day (based on 14 day Average True Range), to move between $0.352 and $0.433, which gives a possible trading interval of +/-$0.0405 (+/-10.32%) up or down from last closing price. If Ault Alliance, Inc. takes out the full calculated possible swing range there will be an estimated 20.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.390 (0.61%) than the resistance at $0.444 (13.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ault Alliance, Inc. will release earnings BMO on Monday, May 27, 2024. We will update the financials statements for Ault Alliance, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 24.62% in the first trading day after earnings release.
Is Ault Alliance, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.817 Buy Candidate Downgraded
Predicted Opening Price for Ault Alliance, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.389 ( 0.82%) | $0.392 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AULT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.441 | 12.30 % | |
| R2 | 0.421 | 7.29 % | ||
| R1 | 0.409 | 4.19 % | ||
| Current price: | 0.392 | |||
| Support | S1 | 0.369 | -5.84 % | |
| S2 | 0.357 | -8.93 % | ||
| S3 | 0.338 | -13.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.478 | 21.81 % | |
| R2 | 0.464 | 18.30 % | ||
| R1 | 0.444 | 13.18 % | ||
| Current price | 0.392 | |||
| Support | S1 | 0.390 | -0.612% | |
| S2 | 0.385 | -1.91% | ||
| S3 | 0.304 | -22.53% |
FAQ
Click here for our free guide on how to buy Ault Alliance, Inc. Stock.
