Aware Stock Forecast
Evaluation of Aware stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Aware stock price fell by -1.14% on the last day (Thursday, 25th Apr 2024) from $1.75 to $1.73. During the last trading day the stock fluctuated 7.14% from a day low at $1.68 to a day high of $1.80. The price has fallen in 5 of the last 10 days and is down by -1.98% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 thousand shares were bought and sold for approximately $57.01 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aware stock with a 90% probability to be traded between $1.58 and $1.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AWRE Signals & Forecast
There are few to no technical positive signals at the moment. The Aware stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.76. On a fall, the stock will find some support from the short-term average at $1.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.49%. 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). Aware gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aware stock
Aware finds support from accumulated volume at $1.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 4.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AWRE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Aware to open at $1.74, and during the day (based on 14 day Average True Range), to move between $1.63 and $1.83, which gives a possible trading interval of +/-$0.0978 (+/-5.65%) up or down from last closing price. If Aware takes out the full calculated possible swing range there will be an estimated 11.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.75 (1.16%) than the support at $1.70 (1.73%), 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 Aware stock A Buy?
Aware 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.355 Sell Candidate Downgraded
Predicted Opening Price for Aware of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.74 ( 0.385%) | $1.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWRE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.86 | 7.32 % | |
| R2 | 1.81 | 4.67 % | ||
| R1 | 1.78 | 3.04 % | ||
| Current price: | 1.73 | |||
| Support | S1 | 1.69 | -2.26 % | |
| S2 | 1.66 | -3.90 % | ||
| S3 | 1.62 | -6.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.95 | 12.72 % | |
| R2 | 1.81 | 4.62 % | ||
| R1 | 1.75 | 1.16 % | ||
| Current price | 1.73 | |||
| Support | S1 | 1.70 | -1.73% | |
| S2 | 1.62 | -6.36% | ||
| S3 | 1.60 | -7.51% |
AWRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2014 | Jul 25, 2014 | Jul 24, 2014 | $1.75 | 26.40% |
| 2 | Nov 19, 2012 | Dec 18, 2012 | Dec 17, 2012 | $1.80 | 26.16% |
| 3 | Apr 27, 2012 | May 09, 2012 | May 25, 2012 | $1.15 | 20.65% |
FAQ
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