American Virtual Cloud Technologies Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
American Virtual Cloud Technologies Inc stock price down 0% on Monday
(Updated on Jan 23, 2023)
No changes to the price of American Virtual Cloud Technologies Inc stock on the last trading day (Monday, 23rd Jan 2023). During the last trading day the stock fluctuated 0% from a day low at $0.630 to a day high of $0.630. The price has fallen in 7 of the last 10 days and is down by -52.64% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.561 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.37% during the next 3 months and, with a 90% probability hold a price between $0.486 and $1.22 at the end of this 3-month period.
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AVCT Signals & Forecast
There are few to no technical positive signals at the moment. The American Virtual Cloud Technologies 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 $0.684 and $1.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 20, 2023, and so far it has fallen 0%. 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.
Support, Risk & Stop-loss for American Virtual Cloud Technologies Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.598. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 31.24%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVCT) For The Upcoming Trading Day Of Tuesday 24th
For the upcoming trading day on Tuesday, 24th we expect American Virtual Cloud Technologies Inc to open at $0.630, and during the day (based on 14 day Average True Range), to move between $0.479 and $0.780, which gives a possible trading interval of +/-$0.151 (+/-23.90%) 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 47.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.598 (5.06%) than the resistance at $0.672 (6.68%), 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?
American Virtual Cloud Technologies Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.605 Strong Sell Candidate Unchanged
Predicted Opening Price for American Virtual Cloud Technologies Inc of Tuesday, January 24, 2023
Fair opening price January 24, 2023 | Current price |
---|---|
$0.630 ( 0%) | $0.630 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVCT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.630 | . | |
R2 | 0.630 | . | ||
R1 | 0.630 | . | ||
Current price: | 0.630 | |||
Support | S1 | 0.630 | . | |
S2 | 0.630 | . | ||
S3 | 0.630 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.710 | 12.67 % | |
R2 | 0.690 | 9.54 % | ||
R1 | 0.672 | 6.68 % | ||
Current price | 0.630 | |||
Support | S1 | 0.598 | -5.06% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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