A2Z Smart Technologies Corp. Stock Forecast
Big movements in A2Z Smart Technologies Corp. stock price on Friday moving 14.49% between high and low
(Updated on Apr 26, 2024)
The A2Z Smart Technologies Corp. stock price fell by -3.69% on the last day (Friday, 26th Apr 2024) from $0.407 to $0.392. During the last trading day the stock fluctuated 14.49% from a day low at $0.392 to a day high of $0.449. The price has fallen in 5 of the last 10 days and is down by -7.72% for this period. 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 -20 thousand shares and in total, 58 thousand shares were bought and sold for approximately $22.75 thousand.
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 -63.11% during the next 3 months and, with a 90% probability hold a price between $0.0853 and $0.228 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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AZ Signals & Forecast
There are mixed signals in the stock today. The A2Z Smart Technologies Corp. 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 $0.419 and $0.568. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for A2Z Smart Technologies Corp. stock
A2Z Smart Technologies Corp. finds support from accumulated volume at $0.385 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 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 $0.0568 between high and low, or 14.49%. For the last week the stock has had daily average volatility of 18.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect A2Z Smart Technologies Corp. to open at $0.411, and during the day (based on 14 day Average True Range), to move between $0.304 and $0.480, which gives a possible trading interval of +/-$0.0882 (+/-22.51%) up or down from last closing price. If A2Z Smart Technologies Corp. takes out the full calculated possible swing range there will be an estimated 45.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.385 (1.89%) than the resistance at $0.460 (17.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A2Z Smart Technologies Corp. stock A Buy?
A2Z Smart Technologies Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.490 Sell Candidate Unchanged
Predicted Opening Price for A2Z Smart Technologies Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.411 ( 4.83%) | $0.392 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.468 | 19.32 % | |
| R2 | 0.446 | 13.78 % | ||
| R1 | 0.433 | 10.37 % | ||
| Current price: | 0.392 | |||
| Support | S1 | 0.389 | -0.705 % | |
| S2 | 0.376 | -4.12 % | ||
| S3 | 0.354 | -9.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.478 | 21.84 % | |
| R2 | 0.464 | 18.24 % | ||
| R1 | 0.460 | 17.32 % | ||
| Current price | 0.392 | |||
| Support | S1 | 0.385 | -1.89% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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