Alaric Corporation Stock Forecast
High volatility in Alaric Corporation stock price on Friday which ended trading at $0.0088
(Updated on May 10, 2024)
The Alaric Corporation stock price gained 10.00% on the last trading day (Friday, 10th May 2024), rising from $0.0080 to $0.0088. During the last trading day the stock fluctuated 14.29% from a day low at $0.0077 to a day high of $0.0088. The price has risen in 6 of the last 10 days and is up by 9.93% over the past 2 weeks. Volume fell on the last day by -473 thousand shares and in total, 320 thousand shares were bought and sold for approximately $2.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0086, a level that may pose a second chance to hit a runner. According to fan-theory $0.0107 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HALB Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.30%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Alaric Corporation 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 $0.0083 and $0.0084. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Alaric Corporation stock
Alaric Corporation finds support from accumulated volume at $0.0086 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 $0.0011 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 11.11%.
Our recommended stop-loss: $0.0085 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (HALB) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Alaric Corporation to open at $0.0084, and during the day (based on 14 day Average True Range), to move between $0.0078 and $0.0098, which gives a possible trading interval of +/-$0.0010 (+/-11.03%) up or down from last closing price. If Alaric Corporation takes out the full calculated possible swing range there will be an estimated 22.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0086 (2.27%) than the resistance at $0.0093 (5.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alaric Corporation stock A Buy?
The stock is within a very wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 1.880 Buy Candidate Upgraded
Predicted Opening Price for Alaric Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0084 ( 4.17%) | $0.0088 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HALB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0095 | 8.33 % | |
| R2 | 0.0091 | 3.56 % | ||
| R1 | 0.0089 | 0.608 % | ||
| Current price: | 0.0088 | |||
| Support | S1 | 0.0080 | -8.94 % | |
| S2 | 0.0078 | -11.89 % | ||
| S3 | 0.0073 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0098 | 11.36 % | |
| R2 | 0.0094 | 6.82 % | ||
| R1 | 0.0093 | 5.11 % | ||
| Current price | 0.0088 | |||
| Support | S1 | 0.0086 | -2.27% | |
| S2 | 0.0084 | -4.55% | ||
| S3 | 0.0080 | -9.66% |
FAQ
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