Armlogi Holding Corp. Common Stock Stock Forecast
Volatile ride for Armlogi Holding Corp. Common Stock stock price on Friday moving between $4.80 and $5.32
(Updated on Jun 21, 2024)
The Armlogi Holding Corp. Common Stock stock price fell by -1.95% on the last day (Friday, 21st Jun 2024) from $5.14 to $5.04. During the last trading day the stock fluctuated 10.74% from a day low at $4.80 to a day high of $5.32. The price has been going up and down for this period, and there has been a 2.86% gain for the last 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 -92 thousand shares and in total, 52 thousand shares were bought and sold for approximately $261.34 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5.14 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Armlogi Holding Corp. Common Stock stock with a 90% probability to be traded between $4.66 and $5.19 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BTOC Signals & Forecast
The Armlogi Holding Corp. Common Stock stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.86 and $4.87. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -1.95%. 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). 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 Armlogi Holding Corp. Common Stock stock
Armlogi Holding Corp. Common Stock finds support from accumulated volume at $5.03 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 $0.516 between high and low, or 10.74%. For the last week the stock has had daily average volatility of 7.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTOC) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Armlogi Holding Corp. Common Stock to open at $5.05, and during the day (based on 14 day Average True Range), to move between $4.68 and $5.40, which gives a possible trading interval of +/-$0.358 (+/-7.11%) up or down from last closing price. If Armlogi Holding Corp. Common Stock takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.03 (0.20%) than the resistance at $5.06 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Armlogi Holding Corp. Common Stock stock A Buy?
Armlogi Holding Corp. Common Stock 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. 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 Sell candidate.
Current score: -1.597 Sell Candidate Downgraded
Predicted Opening Price for Armlogi Holding Corp. Common Stock of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $5.05 ( 0.292%) | $5.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTOC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.57 | 10.53% |
| R2 | 5.37 | 6.62% |
| R1 | 5.25 | 4.20% |
| Price | 5.04 | |
| S1 | 4.86 | -3.62% |
| S2 | 4.74 | -6.03% |
| S3 | 4.54 | -9.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 5.14 | 1.98% |
| R1 | 5.06 | 0.397% |
| Price | 5.04 | |
| S1 | 5.03 | -0.198% |
| S2 | 4.62 | -8.29% |
| S3 | 4.62 | -8.33% |
FAQ
Click here for our free guide on how to buy Armlogi Holding Corp. Common Stock Stock.
