RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of POWW
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Evaluation of AMMO INC stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 28.51% PDF

The AMMO INC stock price gained 2.16% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.78 to $2.84. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.77% from a day low at $2.73 to a day high of $2.86. The price has risen in 7 of the last 10 days and is up by 16.39% over the past 2 weeks. Volume fell on the last day by -274 thousand shares and in total, 482 thousand shares were bought and sold for approximately $1.37 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.71% during the next 3 months and, with a 90% probability hold a price between $3.14 and $3.75 at the end of this 3-month period.

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POWW 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 $2.73 and $2.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 25.11%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.

Support, Risk & Stop-loss for AMMO INC stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.51 and $2.17. 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, AMMO INC finds support just below today's level at $2.51. If this is broken, then the next support from accumulated volume will be at $2.17 and $2.15.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.130 between high and low, or 4.77%. For the last week the stock has had daily average volatility of 3.94%.

Our recommended stop-loss: $2.74 (-3.45%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (POWW) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AMMO INC to open at $2.81, and during the day (based on 14 day Average True Range), to move between $2.73 and $2.95, which gives a possible trading interval of +/-$0.111 (+/-3.90%) up or down from last closing price. If AMMO INC takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.51, some $0.330 (11.62%) from the current price of $2.84, our system finds the risk reward attractive.

Is AMMO INC stock A Buy?

AMMO INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for AMMO INC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.81 ( 1.17%) $2.84

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

Trading levels for POWW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.94 3.40 %
R2 2.89 1.66 %
R1 2.86 0.575 %
Current price: 2.84
Support S1 2.76 -2.92 %
S2 2.73 -4.00 %
S3 2.68 -5.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 2.84
Support S1 2.51 -11.62%
S2 2.17 -23.59%
S3 2.15 -24.30%

FAQ

What is the symbol for AMMO INC Stock and on which exchange is it traded?
The symbol for AMMO INC is POWW and it is traded on the PINK (Pink Sheets).

Should I buy or sell AMMO INC Stock?
AMMO INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

How to buy AMMO INC Stock?
AMMO INC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AMMO INC Stock.

What's the current price of AMMO INC Stock?
As of the end of day on the 2024-03-27, the price of an AMMO INC (POWW) share was $2.84.

What is the 52-week high and low for AMMO INC Stock?
The 52-week high for AMMO INC Stock is $3.15 and the 52-week low is $1.60.

What is the market capitalization of AMMO INC Stock?
As of the 2024-03-27, the market capitalization of AMMO INC is 329.322M.

When is the next earnings date for AMMO INC?
The upcoming earnings date for AMMO INC is Jun 12, 2024.
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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... POWW Profile

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