A1 Group, Inc. Stock Forecast
Volatile ride for A1 Group, Inc. stock price on Friday moving between $0.0085 and $0.0098
(Updated on May 17, 2024)
The A1 Group, Inc. stock price fell by -5.31% on the last day (Friday, 17th May 2024) from $0.0098 to $0.0093. During the last trading day the stock fluctuated 15.29% from a day low at $0.0085 to a day high of $0.0098. The price has fallen in 6 of the last 10 days but is still up by 4.27% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 73 thousand shares were bought and sold for approximately $677.31 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.82% during the next 3 months and, with a 90% probability hold a price between $0.0098 and $0.0201 at the end of this 3-month period.
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AWON Signals & Forecast
The A1 Group, 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 $0.0092 and $0.0082. 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 Wednesday, March 27, 2024, and so far it has fallen -22.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for A1 Group, Inc. stock
A1 Group, Inc. finds support from accumulated volume at $0.0093 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0013 between high and low, or 15.29%. For the last week the stock has had daily average volatility of 24.55%.
Our recommended stop-loss: $0.0087 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (AWON) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect A1 Group, Inc. to open at $0.0092, and during the day (based on 14 day Average True Range), to move between $0.0078 and $0.0108, which gives a possible trading interval of +/-$0.0015 (+/-16.33%) up or down from last closing price. If A1 Group, Inc. takes out the full calculated possible swing range there will be an estimated 32.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0093 (0.32%) than the resistance at $0.0095 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A1 Group, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for A1 Group, Inc. stock to perform well in the short-term.
Current score: 3.535 Buy Candidate Unchanged
Predicted Opening Price for A1 Group, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0092 ( 0.93%) | $0.0093 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWON
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0105 | 13.07 % | |
| R2 | 0.0100 | 7.72 % | ||
| R1 | 0.0097 | 4.42 % | ||
| Current price: | 0.0093 | |||
| Support | S1 | 0.0087 | -6.29 % | |
| S2 | 0.0084 | -9.59 % | ||
| S3 | 0.0079 | -14.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 7.76 % | |
| R2 | 0.0098 | 5.60 % | ||
| R1 | 0.0095 | 2.37 % | ||
| Current price | 0.0093 | |||
| Support | S1 | 0.0093 | -0.323% | |
| S2 | 0.0087 | -6.25% | ||
| S3 | 0.0078 | -15.95% |
FAQ
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