Aeye, Inc. Stock Forecast

Green day on Monday for Aeye, Inc.
(Updated on Jun 17, 2024)

LIDRW 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. 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 $0.0147 and $0.0157. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -21.35%. 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.

Support, Risk & Stop-loss for Aeye, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0130 and $0.0123. 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, Aeye, Inc. finds support just below today's level at $0.0130. If this is broken, then the next support from accumulated volume will be at $0.0123 and $0.0119.

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 $0.0004 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 36.45%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LIDRW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Aeye, Inc. to open at $0.0140, and during the day (based on 14 day Average True Range), to move between $0.0080 and $0.0200, which gives a possible trading interval of +/-$0.0060 (+/-43.09%) up or down from last closing price. If Aeye, Inc. takes out the full calculated possible swing range there will be an estimated 86.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0145 (3.57%) than the support at $0.0130 (7.14%), 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?

The Aeye, Inc. stock holds several negative signals and despite the positive trend, we believe Aeye, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.194 Sell Candidate Unchanged

Predicted Opening Price for Aeye, Inc. of Tuesday, June 18, 2024

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