Alpha Tau Medical Ltd. Stock Forecast

Red day on Friday for Alpha Tau Medical Ltd.
(Updated on Jun 28, 2024)

DRTSW Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0878%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alpha Tau Medical Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.242 and $0.240. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Alpha Tau Medical Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.205 and $0.200. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alpha Tau Medical Ltd. finds support just below today's level at $0.205. If this is broken, then the next support from accumulated volume will be at $0.200 and $0.190.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.64%

Our recommended stop-loss: $0.214 (-6.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (DRTSW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Alpha Tau Medical Ltd. to open at $0.228, and during the day (based on 14 day Average True Range), to move between $0.208 and $0.248, which gives a possible trading interval of +/-$0.0203 (+/-8.91%) up or down from last closing price. If Alpha Tau Medical Ltd. takes out the full calculated possible swing range there will be an estimated 17.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.240 (5.31%) than the support at $0.205 (9.92%), 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 Alpha Tau Medical Ltd. stock A Buy?

Alpha Tau Medical Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.180 Hold/Accumulate Unchanged

Predicted Opening Price for Alpha Tau Medical Ltd. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.