AERWINS Technologies Inc. Stock Forecast
High volatility in AERWINS Technologies Inc. stock price on Friday which ended trading at $3.65
(Updated on May 03, 2024)
The AERWINS Technologies Inc. stock price gained 13.35% on the last trading day (Friday, 3rd May 2024), rising from $3.22 to $3.65. During the last trading day the stock fluctuated 108.06% from a day low at $3.10 to a day high of $6.45. The price has been going up and down for this period, and there has been a 14.78% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $18.22 million.
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 $2.67 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 155.10% during the next 3 months and, with a 90% probability hold a price between $6.82 and $19.60 at the end of this 3-month period.
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AWIN Signals & Forecast
The AERWINS 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 $3.11 and $2.64. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 08, 2024, and so far it has fallen -35.05%. 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).
Support, Risk & Stop-loss for AERWINS Technologies Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.37 and $3.30. 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, AERWINS Technologies Inc. finds support just below today's level at $3.37. If this is broken, then the next support from accumulated volume will be at $3.30 and $2.99.
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 $3.35 between high and low, or 108.06%. For the last week, the stock has had daily average volatility of 37.67%.
Our recommended stop-loss: $3.48 (-4.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (AWIN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AERWINS Technologies Inc. to open at $4.40, and during the day (based on 14 day Average True Range), to move between $2.64 and $4.66, which gives a possible trading interval of +/-$1.01 (+/-27.67%) up or down from last closing price. If AERWINS Technologies Inc. takes out the full calculated possible swing range there will be an estimated 55.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.37 (7.81%) than the resistance at $4.21 (15.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AERWINS Technologies Inc. stock A Buy?
AERWINS Technologies Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.653 Strong Buy Candidate Upgraded
Predicted Opening Price for AERWINS Technologies Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $4.40 ( 20.55%) | $3.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.75 | 112.33 % | |
| R2 | 6.47 | 77.27 % | ||
| R1 | 5.68 | 55.61 % | ||
| Current price: | 3.65 | |||
| Support | S1 | 3.12 | -14.51 % | |
| S2 | 2.33 | -36.17 % | ||
| S3 | 1.05 | -71.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.21 | 15.34 % | ||
| Current price | 3.65 | |||
| Support | S1 | 3.37 | -7.81% | |
| S2 | 3.30 | -9.59% | ||
| S3 | 2.99 | -18.08% |
FAQ
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