When Should You SELL Your Stocks (8 Reasons to Sell Your Stocks) Click to watch on Youtube.

$5.45 (1.11%)

Volume: 997.638k

Closed: Aug 05, 2022

Hollow Logo Score: 2.167

AMMO INC Stock Forecast

BUY PINK:POWW
$5.45 (1.11%)

Volume: 997.638k

Closed: Aug 05, 2022

Score Hollow Logo 2.167
Which way will POWW go? Request
Fri, Aug 05, 2022 Buy Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] The AMMO INC stock holds an RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Last Reaction
Be the first to comment on POWW

Green day on Friday for AMMO INC
(Updated on Aug 05, 2022)


Buy or Hold candidate since 2022-07-01 Gain 31.33% PDF

The AMMO INC stock price gained 1.11% on the last trading day (Friday, 5th Aug 2022), rising from $5.39 to $5.45. During the last trading day the stock fluctuated 4.36% from a day low at $5.24 to a day high of $5.47. The price has risen in 7 of the last 10 days and is up by 13.54% over the past 2 weeks. Volume fell on the last day by -398 thousand shares and in total, 998 thousand shares were bought and sold for approximately $5.44 million. 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 stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.83% during the next 3 months and, with a 90% probability hold a price between $5.48 and $6.97 at the end of this 3-month period.

Signals & Forecast

The AMMO INC stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.16 and $4.50. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, August 03, 2022, and so far it has fallen -0.18%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, July 05, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, July 05, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $4.20 and $4.15. There is 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, AMMO INC finds support just below today's level at $4.20. If this is broken, then the next support from accumulated volume will be at $4.15 and $4.10.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.23 between high and low, or 4.36%. For the last week, the stock has had a daily average volatility of 5.64%.

The AMMO INC stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $5.29 (-3.03%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday 8th we expect AMMO INC to open at $5.39, and during day (based on 14 day Average True Range), to move between $5.22 and $5.68, which gives a possible trading interval of +/-$0.23 (+/-4.25%) up or down from last closing price. If AMMO INC takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.46 (0.18%) than the support at $4.20 (22.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

Is AMMO INC stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AMMO INC stock to perform well in the short-term.

Current score: 2.167

Buy Candidate Unchanged

Predicted Opening Price for AMMO INC of Monday, August 8, 2022

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

Fair opening price August 8, 2022 Current price
$5.39 $5.45 (Overvalued)

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.61 3.03 %
5.53 1.42 %
5.47 0.43 %
Current price: 5.45
Support 5.30 -2.77 %
5.24 -3.76 %
5.16 -5.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
5.46 0.18 %
Current price 5.45
Support 4.20 -22.94%
4.15 -23.85%
4.10 -24.77%

Click to get the best stock tips daily for free!

About AMMO INC

AMMO INC AMMO, Inc. designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and ope... Read more

.

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT