Ashford, Inc Stock Forecast
Ashford, Inc stock price ended at $4.80 on Wednesday, after gaining 0.418%.
(Updated on Apr 24, 2024)
The Ashford, Inc stock price gained 0.418% on the last trading day (Wednesday, 24th Apr 2024), rising from $4.78 to $4.80. During the last trading day the stock fluctuated 1.26% from a day low at $4.76 to a day high of $4.82. The price has been going up and down for this period, and there has been a 0.21% 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, 9 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $176.37 thousand.
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 $5.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 79.02% during the next 3 months and, with a 90% probability hold a price between $5.13 and $9.23 at the end of this 3-month period.
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AINC Signals & Forecast
The Ashford, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.81. On a fall, the stock will find some support from the long-term average at approximately $3.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Ashford, Inc 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. Higher liquidity also reduces the general risk. 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 Monday, April 15, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ashford, Inc stock
Ashford, Inc finds support from accumulated volume at $4.75 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: $4.59 (-4.33%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (AINC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Ashford, Inc to open at $4.79, and during the day (based on 14 day Average True Range), to move between $4.60 and $5.00, which gives a possible trading interval of +/-$0.200 (+/-4.16%) up or down from last closing price. If Ashford, Inc takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.81 (0.21%) than the support at $4.75 (1.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ashford, 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 Ashford, Inc stock to perform well in the short-term.
Current score: 3.516 Buy Candidate Unchanged
Predicted Opening Price for Ashford, Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$4.79 ( 0.139%) | $4.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AINC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.85 | 1.11 % | |
R2 | 4.83 | 0.634 % | ||
R1 | 4.82 | 0.339 % | ||
Current price: | 4.80 | |||
Support | S1 | 4.77 | -0.616 % | |
S2 | 4.76 | -0.91 % | ||
S3 | 4.73 | -1.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.90 | 2.08 % | |
R2 | 4.83 | 0.625 % | ||
R1 | 4.81 | 0.208 % | ||
Current price | 4.80 | |||
Support | S1 | 4.75 | -1.04% | |
S2 | 4.69 | -2.29% | ||
S3 | 4.66 | -2.92% |
FAQ
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