Aethlon Medical Stock Forecast
Aethlon Medical stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)
The Aethlon Medical stock price fell by -1.75% on the last day (Thursday, 28th Mar 2024) from $1.71 to $1.68. During the last trading day the stock fluctuated 4.19% from a day low at $1.67 to a day high of $1.74. The price has risen in 5 of the last 10 days but is still down by -0.59% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $24.95 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.33% during the next 3 months and, with a 90% probability hold a price between $1.16 and $1.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AEMD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 2.44%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aethlon Medical 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 $1.70 and $1.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aethlon Medical gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aethlon Medical stock
Aethlon Medical finds support from accumulated volume at $1.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0700 (4.19%) between high and low. For the last week, the stock has had daily average volatility of 6.74%.
Our recommended stop-loss: $1.60 (-4.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (AEMD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aethlon Medical to open at $1.70, and during the day (based on 14 day Average True Range), to move between $1.58 and $1.78, which gives a possible trading interval of +/-$0.0975 (+/-5.81%) up or down from last closing price. If Aethlon Medical takes out the full calculated possible swing range there will be an estimated 11.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.67 (0.60%) than the resistance at $1.73 (2.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aethlon Medical stock A Buy?
Aethlon Medical holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.777 Hold/Accumulate Downgraded
Predicted Opening Price for Aethlon Medical of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.70 ( 0.99%) | $1.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEMD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.77 | 5.16 % | |
R2 | 1.74 | 3.57 % | ||
R1 | 1.72 | 2.58 % | ||
Current price: | 1.68 | |||
Support | S1 | 1.67 | -0.600 % | |
S2 | 1.65 | -1.58 % | ||
S3 | 1.63 | -3.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.80 | 7.14 % | |
R2 | 1.74 | 3.57 % | ||
R1 | 1.73 | 2.98 % | ||
Current price | 1.68 | |||
Support | S1 | 1.67 | -0.595% | |
S2 | 1.66 | -1.19% | ||
S3 | 1.64 | -2.38% |
FAQ
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