Auddia Inc. Stock Forecast
High volatility in Auddia Inc. stock price on Friday which ended trading at $1.93
(Updated on Apr 19, 2024)
The Auddia Inc. stock price fell by -13.06% on the last day (Friday, 19th Apr 2024) from $2.22 to $1.93. During the last trading day the stock fluctuated 16.15% from a day low at $1.92 to a day high of $2.23. The price has fallen in 7 of the last 10 days but is still up by 34.97% over the past 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 -63 thousand shares and in total, 179 thousand shares were bought and sold for approximately $345.79 thousand.
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 $1.82 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 94.83% during the next 3 months and, with a 90% probability hold a price between $3.55 and $10.85 at the end of this 3-month period.
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AUUD Signals & Forecast
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 Auddia 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 $2.14 and $2.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -52.23%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Auddia Inc. stock
Auddia Inc. finds support from accumulated volume at $1.90 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.310 between high and low, or 16.15%. For the last week the stock has had daily average volatility of 32.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUUD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Auddia Inc. to open at $2.03, and during the day (based on 14 day Average True Range), to move between $1.34 and $2.52, which gives a possible trading interval of +/-$0.587 (+/-30.41%) up or down from last closing price. If Auddia Inc. takes out the full calculated possible swing range there will be an estimated 60.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.90 (1.55%) than the resistance at $2.18 (12.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Auddia Inc. stock A Buy?
The Auddia Inc. stock holds several negative signals and despite the positive trend, we believe Auddia Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.981 Sell Candidate Unchanged
Predicted Opening Price for Auddia Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.03 ( 5.01%) | $1.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUUD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.34 | 21.07 % | |
| R2 | 2.22 | 14.94 % | ||
| R1 | 2.15 | 11.14 % | ||
| Current price: | 1.93 | |||
| Support | S1 | 1.91 | -1.13 % | |
| S2 | 1.84 | -4.92 % | ||
| S3 | 1.72 | -11.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.35 | 21.76 % | |
| R2 | 2.25 | 16.58 % | ||
| R1 | 2.18 | 12.95 % | ||
| Current price | 1.93 | |||
| Support | S1 | 1.90 | -1.55% | |
| S2 | 1.76 | -8.81% | ||
| S3 | 1.60 | -17.10% |
FAQ
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