High volatility in American Virtual Cloud Technologies Inc stock price on Tuesday which ended trading at $0.31
(Updated on Sep 27, 2022)
Buy or Hold candidate since 2022-09-19 Gain 30.80% PDF
The American Virtual Cloud Technologies Inc stock price gained 0.29% on the last trading day (Tuesday, 27th Sep 2022), rising from $0.31 to $0.31. During the last trading day the stock fluctuated 10.03% from a day low at $0.29 to a day high of $0.32. The price has risen in 6 of the last 10 days and is up by 54.92% over the past 2 weeks. Volume fell on the last day by -173 million shares and in total, 83 million shares were bought and sold for approximately $25.80 million. 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 -6.40% during the next 3 months and, with a 90% probability hold a price between $0.15 and $0.42 at the end of this 3-month period.
Signals & Forecast
The American Virtual Cloud Technologies 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 $0.28 and $0.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, September 23, 2022, and so far it has fallen -8.31%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
American Virtual Cloud Technologies Inc finds support from accumulated volume at $0.31 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 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 $0.0291 between high and low, or 10.03%. For the last week, the stock has had daily average volatility of 30.11%.
Our recommended stop-loss: $0.29 (-5.14%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations For The Upcoming Trading Day Of Wednesday 28th
For the upcoming trading day on Wednesday, 28th we expect American Virtual Cloud Technologies Inc to open at $0.31, and during the day (based on 14 day Average True Range), to move between $0.25 and $0.37, which gives a possible trading interval of +/-$0.0636 (+/-20.51%) up or down from last closing price. If American Virtual Cloud Technologies Inc takes out the full calculated possible swing range there will be an estimated 41.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.31 (0.29%) than the resistance at $0.31 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Virtual Cloud Technologies 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.622Buy Candidate Upgraded
Predicted Opening Price for American Virtual Cloud Technologies Inc of Wednesday, September 28, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 28, 2022||Current price|
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About American Virtual Cloud Technologies Inc
American Virtual Cloud Technologies, Inc., a pure-play cloud communications and collaboration company, provides cloud-based enterprise services worldwide. The company's Kandy cloud communications platform is a cloud-based, real-time communications platform, which offers proprietary unified communications as a service, communications platform as a service, contact center as a service, Microsoft Teams Direct Routing as a Service, and SIP Trunking a... AVCT Profile
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