Airgain Inc Stock Forecast
Green day on Tuesday for Airgain Inc
(Updated on Apr 23, 2024)
The Airgain Inc stock price gained 3.15% on the last trading day (Tuesday, 23rd Apr 2024), rising from $5.40 to $5.57. During the last trading day the stock fluctuated 4.95% from a day low at $5.36 to a day high of $5.62. The price has risen in 6 of the last 10 days and is up by 0.18% 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, 9 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $64.26 thousand.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $5.57. A reaction back to this level may hold a second chance to get out before further falls.
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AIRG Signals & Forecast
The Airgain Inc 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 $5.41 and $5.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 20.56%. Further rise is indicated until a new top pivot has been found. Airgain 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. 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 Airgain Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.27 and $4.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Airgain Inc finds support just below today's level at $5.27. If this is broken, then the next support from accumulated volume will be at $4.62 and $4.54.
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 $0.265 (4.95%) between high and low. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: $5.35 (-3.96%) (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 (AIRG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Airgain Inc to open at $5.52, and during the day (based on 14 day Average True Range), to move between $5.25 and $5.89, which gives a possible trading interval of +/-$0.317 (+/-5.69%) up or down from last closing price. If Airgain Inc takes out the full calculated possible swing range there will be an estimated 11.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.27, some $0.300 (5.39%) from the current price of $5.57, our system finds the risk reward attractive.
Is Airgain 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 Airgain Inc stock to perform well in the short-term.
Current score: 4.499 Buy Candidate Unchanged
Predicted Opening Price for Airgain Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.52 ( 0.99%) | $5.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.78 | 3.77 % | |
| R2 | 5.68 | 1.95 % | ||
| R1 | 5.62 | 0.83 % | ||
| Current price: | 5.57 | |||
| Support | S1 | 5.41 | -2.80 % | |
| S2 | 5.35 | -3.93 % | ||
| S3 | 5.25 | -5.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.57 | |||
| Support | S1 | 5.27 | -5.39% | |
| S2 | 4.62 | -17.06% | ||
| S3 | 4.54 | -18.49% |
FAQ
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