Ashford, Inc Stock Forecast
Green day on Monday for Ashford, Inc stock after gaining 0.208%
(Updated on Apr 22, 2024)
The Ashford, Inc stock price gained 0.208% on the last trading day (Monday, 22nd Apr 2024), rising from $4.80 to $4.81. During the last trading day the stock fluctuated 1.36% from a day low at $4.78 to a day high of $4.85. The price has risen in 6 of the last 10 days and is up by 2.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $255.89 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 $5.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 59.77% during the next 3 months and, with a 90% probability hold a price between $4.22 and $8.07 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 $4.82. On a fall, the stock will find some support from the long-term average at approximately $3.36. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -1.84%. Further fall is indicated until a new bottom pivot has been found.
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 $0.0650 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $4.59 (-4.47%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AINC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Ashford, Inc to open at $4.81, and during the day (based on 14 day Average True Range), to move between $4.59 and $5.03, which gives a possible trading interval of +/-$0.224 (+/-4.66%) up or down from last closing price. If Ashford, Inc takes out the full calculated possible swing range there will be an estimated 9.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.83 (0.42%) than the support at $4.75 (1.25%), 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: 1.293 Buy Candidate Unchanged
Predicted Opening Price for Ashford, Inc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$4.81 ( 0.0347%) | $4.81 |
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 | 4.88 | 1.39 % | |
R2 | 4.85 | 0.87 % | ||
R1 | 4.84 | 0.551 % | ||
Current price: | 4.81 | |||
Support | S1 | 4.79 | -0.482 % | |
S2 | 4.77 | -0.80 % | ||
S3 | 4.75 | -1.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 4.90 | 1.87 % | ||
R1 | 4.83 | 0.416 % | ||
Current price | 4.81 | |||
Support | S1 | 4.75 | -1.25% | |
S2 | 4.69 | -2.49% | ||
S3 | 4.66 | -3.12% |
FAQ
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