Jet.ai Inc. Stock Forecast
Jet.ai Inc. stock price fell more than -9.58% Wednesday closing at $0.320
(Updated on Jun 26, 2024)
The Jet.ai Inc. stock price fell by -9.58% on the last day (Wednesday, 26th Jun 2024) from $0.354 to $0.320. During the last trading day the stock fluctuated 0% from a day low at $0.320 to a day high of $0.320. The price has fallen in 5 of the last 10 days and is down by -7.25% 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 -587 shares and in total, 942 shares were bought and sold for approximately $301.44 .
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 -23.72% during the next 3 months and, with a 90% probability hold a price between $0.153 and $0.319 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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JTAIZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jet.ai 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 $0.328 and $0.361. 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 06, 2024, and so far it has fallen -20.00%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jet.ai Inc. stock
Jet.ai Inc. finds support from accumulated volume at $0.310 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JTAIZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Jet.ai Inc. to open at $0.320, and during the day (based on 14 day Average True Range), to move between $0.254 and $0.386, which gives a possible trading interval of +/-$0.0655 (+/-20.48%) up or down from last closing price. If Jet.ai Inc. takes out the full calculated possible swing range there will be an estimated 40.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.310 (3.13%) than the resistance at $0.345 (7.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jet.ai Inc. stock A Buy?
Jet.ai 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 Sell to a Strong Sell candidate.
Current score: -5.982 Strong Sell Candidate Downgraded
Predicted Opening Price for Jet.ai Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.320 ( 0%) | $0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JTAIZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.320 | - |
| R2 | 0.320 | - |
| R1 | 0.320 | - |
| Price | 0.320 | |
| S1 | 0.320 | - |
| S2 | 0.320 | - |
| S3 | 0.320 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.390 | 21.88% |
| R2 | 0.380 | 18.75% |
| R1 | 0.345 | 7.81% |
| Price | 0.320 | |
| S1 | 0.310 | -3.13% |
| S2 | 0.300 | -6.22% |
| S3 | 0.300 | -6.25% |
FAQ
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