AEye, Inc. Stock Forecast
Big movements in AEye, Inc. stock price on Wednesday moving 21.74% between high and low
(Updated on Mar 27, 2024)
The AEye, Inc. stock price fell by -19.11% on the last day (Wednesday, 27th Mar 2024) from $1.57 to $1.27. During the last trading day the stock fluctuated 21.74% from a day low at $1.15 to a day high of $1.40. The price has been going up and down for this period, and there has been a 17.59% gain for the last 2 weeks. Volume has increased on the last day by 318 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 724 thousand shares were bought and sold for approximately $919.23 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 -19.58% during the next 3 months and, with a 90% probability hold a price between $0.765 and $1.39 at the end of this 3-month period.
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LIDR Signals & Forecast
There are few to no technical positive signals at the moment. The AEye, Inc. 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 $1.49 and $1.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -26.59%. 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). AEye, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for AEye, Inc. stock
AEye, Inc. finds support from accumulated volume at $1.25 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.250 between high and low, or 21.74%. For the last week, the stock has had daily average volatility of 28.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIDR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AEye, Inc. to open at $1.27, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.54, which gives a possible trading interval of +/-$0.271 (+/-21.36%) up or down from last closing price. If AEye, Inc. takes out the full calculated possible swing range there will be an estimated 42.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.29 (1.57%) than the support at $1.25 (1.57%), 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 AEye, Inc. stock A Buy?
AEye, 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 Buy to a Strong Sell candidate.
Current score: -5.596 Strong Sell Candidate Downgraded
Predicted Opening Price for AEye, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$1.27 ( 0.262%) | $1.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIDR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.52 | 19.95 % | |
R2 | 1.43 | 12.43 % | ||
R1 | 1.37 | 7.78 % | ||
Current price: | 1.27 | |||
Support | S1 | 1.18 | -7.26 % | |
S2 | 1.12 | -11.90 % | ||
S3 | 1.02 | -19.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.49 | 17.32 % | |
R2 | 1.30 | 2.36 % | ||
R1 | 1.29 | 1.57 % | ||
Current price | 1.27 | |||
Support | S1 | 1.25 | -1.57% | |
S2 | 1.17 | -7.87% | ||
S3 | 1.05 | -17.32% |
FAQ
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