Australian Vanadium Limited Stock Forecast
Strong day for Australian Vanadium Limited stock price on Monday rising 6.67% to $0.0160
(Updated on May 20, 2024)
The Australian Vanadium Limited stock price gained 6.67% on the last trading day (Monday, 20th May 2024), rising from $0.0150 to $0.0160. During the last trading day the stock fluctuated 6.67% from a day low at $0.0150 to a day high of $0.0160. The price has risen in 6 of the last 10 days and is up by 23.08% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $33.50 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.
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 -10.59% during the next 3 months and, with a 90% probability hold a price between $0.0113 and $0.0151 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.
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AVL.AX Signals & Forecast
The Australian Vanadium Limited 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 $0.0160 and $0.0155. 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). 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 Thursday, May 16, 2024, and so far it has fallen -5.88%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Australian Vanadium Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0150 and $0.0140. 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, Australian Vanadium Limited finds support just below today's level at $0.0150. If this is broken, then the next support from accumulated volume will be at $0.0140 and $0.0130.
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 $0.0010 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 6.50%.
Our recommended stop-loss: $0.0152 (-5.30%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (AVL.AX) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Australian Vanadium Limited to open at $0.0157, and during the day (based on 14 day Average True Range), to move between $0.0147 and $0.0173, which gives a possible trading interval of +/-$0.0013 (+/-7.87%) up or down from last closing price. If Australian Vanadium Limited takes out the full calculated possible swing range there will be an estimated 15.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0170 (6.25%) than the support at $0.0150 (6.25%), 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 Australian Vanadium Limited stock A Buy?
Australian Vanadium Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.240 Hold/Accumulate Upgraded
Predicted Opening Price for Australian Vanadium Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0157 ( 2.08%) | $0.0160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0167 | 4.17 % | |
| R2 | 0.0163 | 1.78 % | ||
| R1 | 0.0160 | 0.304 % | ||
| Current price: | 0.0160 | |||
| Support | S1 | 0.0153 | -4.47 % | |
| S2 | 0.0150 | -5.95 % | ||
| S3 | 0.0147 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0180 | 12.50 % | ||
| R1 | 0.0170 | 6.25 % | ||
| Current price | 0.0160 | |||
| Support | S1 | 0.0150 | -6.25% | |
| S2 | 0.0140 | -12.50% | ||
| S3 | 0.0130 | -18.75% |
FAQ
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