Auddia Inc. Stock Forecast
Auddia Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of Auddia Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0371 to a day high of $0.0371. The price has fallen in 4 of the last 10 days but is still up by 3.63% over the past 2 weeks.
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 -13.32% during the next 3 months and, with a 90% probability hold a price between $0.0127 and $0.0923 at the end of this 3-month period.
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AUUDW Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0381 and $0.0424. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.80%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should go up by 88.68% to $0.0700 within 6 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Auddia Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0349 and $0.0326. 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, Auddia Inc. finds support just below today's level at $0.0349. If this is broken, then the next support from accumulated volume will be at $0.0326 and $0.0300.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 44.46%
Our recommended stop-loss: $0.0355 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (AUUDW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Auddia Inc. to open at $0.0371, and during the day (based on 14 day Average True Range), to move between $0.0280 and $0.0462, which gives a possible trading interval of +/-$0.0091 (+/-24.44%) up or down from last closing price. If Auddia Inc. takes out the full calculated possible swing range there will be an estimated 48.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0374 (0.81%) than the support at $0.0349 (5.93%), 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 Auddia Inc. stock A Buy?
Auddia 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Auddia Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0371 ( 0%) | $0.0371 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUUDW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0371 | - |
| R2 | 0.0371 | - |
| R1 | 0.0371 | - |
| Price | 0.0371 | |
| S1 | 0.0371 | - |
| S2 | 0.0371 | - |
| S3 | 0.0371 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0406 | 9.43% |
| R2 | 0.0400 | 7.82% |
| R1 | 0.0374 | 0.81% |
| Price | 0.0371 | |
| S1 | 0.0349 | -5.93% |
| S2 | 0.0326 | -12.13% |
| S3 | 0.0300 | -19.14% |
FAQ
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