Ayr Strategies Inc. Stock Forecast
High volatility in Ayr Strategies Inc. stock price on Friday which ended trading at $2.70
(Updated on Jun 28, 2024)
The Ayr Strategies Inc. stock price fell by -14.56% on the last day (Friday, 28th Jun 2024) from $3.16 to $2.70. During the last trading day the stock fluctuated 27.67% from a day low at $2.53 to a day high of $3.23. The price has risen in 5 of the last 10 days and is up by 4.25% 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 -32 thousand shares and in total, 151 thousand shares were bought and sold for approximately $406.93 thousand.
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 $2.41 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.46% during the next 3 months and, with a 90% probability hold a price between $1.87 and $3.04 at the end of this 3-month period.
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AYR-A.CN Signals & Forecast
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. The Ayr Strategies 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 $2.89 and $3.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -14.56%. 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.
Support, Risk & Stop-loss for Ayr Strategies Inc. stock
Ayr Strategies Inc. finds support from accumulated volume at $2.69 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.700 between high and low, or 27.67%. For the last week the stock has had daily average volatility of 15.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AYR-A.CN) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Ayr Strategies Inc. to open at $2.82, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.97, which gives a possible trading interval of +/-$0.268 (+/-9.91%) up or down from last closing price. If Ayr Strategies Inc. takes out the full calculated possible swing range there will be an estimated 19.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.69 (0.37%) than the resistance at $3.11 (15.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ayr Strategies Inc. stock A Buy?
Ayr Strategies 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -6.950 Strong Sell Candidate Downgraded
Predicted Opening Price for Ayr Strategies Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $2.82 ( 4.44%) | $2.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYR-A.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.52 | 30.37% |
| R2 | 3.25 | 20.47% |
| R1 | 3.09 | 14.35% |
| Price | 2.70 | |
| S1 | 2.55 | -5.46% |
| S2 | 2.39 | -11.58% |
| S3 | 2.12 | -21.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.36 | 24.44% |
| R2 | 3.31 | 22.59% |
| R1 | 3.11 | 15.19% |
| Price | 2.70 | |
| S1 | 2.69 | -0.370% |
| S2 | 2.61 | -3.33% |
| S3 | 2.59 | -4.07% |
FAQ
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