Trajectory Alpha Acquisition Corp. Stock Forecast
Evaluation of Trajectory Alpha Acquisition Corp. stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Trajectory Alpha Acquisition Corp. stock price gained 0.316% on the last trading day (Thursday, 20th Jun 2024), rising from $11.07 to $11.10. During the last trading day the stock fluctuated 0% from a day low at $11.10 to a day high of $11.10. The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 276 more shares were traded than the day before. In total, 376 shares were bought and sold for approximately $4.17 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Trajectory Alpha Acquisition Corp. stock with a 90% probability to be traded between $11.24 and $11.36 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TCOA Signals & Forecast
The Trajectory Alpha Acquisition Corp. 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 $11.07 and $11.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.726%. 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). Trajectory Alpha Acquisition Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Trajectory Alpha Acquisition Corp. stock
Trajectory Alpha Acquisition Corp. finds support from accumulated volume at $11.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0362%.
Our recommended stop-loss: $10.28 (-7.35%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (TCOA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Trajectory Alpha Acquisition Corp. to open at $11.10, and during the day (based on 14 day Average True Range), to move between $11.09 and $11.11, which gives a possible trading interval of +/-$0.0119 (+/-0.11%) up or down from last closing price. If Trajectory Alpha Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 0.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.06, some $0.0400 (0.36%) from the current price of $11.10, our system finds the risk reward attractive.
Is Trajectory Alpha Acquisition Corp. stock A Buy?
Trajectory Alpha Acquisition Corp. 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 Trajectory Alpha Acquisition Corp. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $11.10 ( 0%) | $11.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCOA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.10 | - |
| R2 | 11.10 | - |
| R1 | 11.10 | - |
| Price | 11.10 | |
| S1 | 11.10 | - |
| S2 | 11.10 | - |
| S3 | 11.10 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.10 | |
| S1 | 11.06 | -0.360% |
| S2 | 11.05 | -0.450% |
| S3 | 11.02 | -0.721% |
FAQ
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