AMERICAN HOTEL Stock Forecast
High volatility in AMERICAN HOTEL stock price on Monday which ended trading at $0.513
(Updated on Apr 22, 2024)
The AMERICAN HOTEL stock price gained 14.04% on the last trading day (Monday, 22nd Apr 2024), rising from $0.450 to $0.513. During the last trading day the stock fluctuated 17.60% from a day low at $0.450 to a day high of $0.529. The price has been going up and down for this period, and there has been a 10.32% 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, 27 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $14.52 thousand.
Given the current short-term trend, the stock is expected to fall -36.21% during the next 3 months and, with a 90% probability hold a price between $0.236 and $0.327 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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AHOTF Signals & Forecast
The AMERICAN HOTEL stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.423 and $0.463. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 35.42%. Further rise is indicated until a new top pivot has been found. AMERICAN HOTEL 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AMERICAN HOTEL stock
AMERICAN HOTEL finds support from accumulated volume at $0.493 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0792 between high and low, or 17.60%. For the last week, the stock has had daily average volatility of 4.79%.
Our recommended stop-loss: $0.494 (-3.82%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (AHOTF) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect AMERICAN HOTEL to open at $0.497, and during the day (based on 14 day Average True Range), to move between $0.487 and $0.539, which gives a possible trading interval of +/-$0.0262 (+/-5.11%) up or down from last closing price. If AMERICAN HOTEL takes out the full calculated possible swing range there will be an estimated 10.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.493 (4.03%) than the resistance at $0.553 (7.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMERICAN HOTEL stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.871 Buy Candidate Upgraded
Predicted Opening Price for AMERICAN HOTEL of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.497 ( 3.07%) | $0.513 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHOTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.577 | 12.37 % | |
| R2 | 0.546 | 6.47 % | ||
| R1 | 0.528 | 2.83 % | ||
| Current price: | 0.513 | |||
| Support | S1 | 0.467 | -8.96 % | |
| S2 | 0.449 | -12.60 % | ||
| S3 | 0.418 | -18.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.617 | 20.13 % | |
| R2 | 0.615 | 19.76 % | ||
| R1 | 0.553 | 7.72 % | ||
| Current price | 0.513 | |||
| Support | S1 | 0.493 | -4.03% | |
| S2 | 0.487 | -5.17% | ||
| S3 | 0.448 | -12.79% |
AHOTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 17, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.0150 | 2.38% |
| 2 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0150 | 1.21% |
| 3 | Aug 17, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0150 | 1.02% |
| 4 | Jul 24, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.0150 | 0.87% |
| 5 | Jun 26, 2023 | Jun 29, 2023 | Aug 15, 2023 | $0.0150 | 0.87% |
FAQ
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