Atari SA Stock Forecast
High volatility in Atari SA stock price on Wednesday which ended trading at $0.100
(Updated on May 01, 2024)
The Atari SA stock price fell by -0.200% on the last day (Wednesday, 1st May 2024) from $0.100 to $0.100. During the last trading day the stock fluctuated 39.90% from a day low at $0.100 to a day high of $0.140. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks. 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 -24 thousand shares and in total, 30 thousand shares were bought and sold for approximately $3.04 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0902 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.56% during the next 3 months and, with a 90% probability hold a price between $0.0644 and $0.101 at the end of this 3-month period.
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PONGF Signals & Forecast
There are mixed signals in the stock today. The Atari SA 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 $0.104 and $0.123. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Atari SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0399 between high and low, or 39.90%. For the last week the stock has had daily average volatility of 35.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PONGF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Atari SA to open at $0.113, and during the day (based on 14 day Average True Range), to move between $0.0689 and $0.131, which gives a possible trading interval of +/-$0.0311 (+/-31.13%) up or down from last closing price. If Atari SA takes out the full calculated possible swing range there will be an estimated 62.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.100, some $0.0002 (0.20%) from the current price of $0.100, our system finds the risk reward not very attractive.
Is Atari SA stock A Buy?
Atari SA holds several negative signals and we believe that 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: -5.268 Strong Sell Candidate Downgraded
Predicted Opening Price for Atari SA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.113 ( 13.30%) | $0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PONGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.153 | 53.20 % | |
| R2 | 0.138 | 37.96 % | ||
| R1 | 0.129 | 28.54 % | ||
| Current price: | 0.100 | |||
| Support | S1 | 0.0981 | -1.94 % | |
| S2 | 0.0886 | -11.36 % | ||
| S3 | 0.0734 | -26.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.124 | 23.60 % | |
| R2 | 0.110 | 10.00 % | ||
| R1 | 0.100 | 0.200 % | ||
| Current price | 0.100 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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