Friday September 20, 2019 Change 0.85% Price $1.19
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VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

AMTX Forecast and Technical Stock Analysis


Buy candidate since 2019-09-17 Gain 18.17% PDF

Aemetis gained 0.85% in the last trading day ( Friday, 20th Sep 2019 ), rising from $1.18 to $1.19 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 9.93% from a day low at $1.09 to a day high of $1.20. The price has risen in 7 of the last 10 days and is up by 49.87% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 16 008 more shares were traded than the day before. In total, 104 370 shares bought and sold for approximately $124 200.00.

Quick summary:

  • 30 day high of the AMTX stock price was $1.20 and low was $0.74.
  • 90 day high was $1.27 and low was $0.74.
  • 52 week high for Aemetis - $1.73 and low - $0.42.
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Trend

Aemetis has broken the very wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $1.06 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $1.36 sometime during the next 3 months.

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Signals

Only positive signals in the chart today. Aemetis holds buy signals from both short- and long-term moving averages. In addition, 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 $1.05 and $0.89. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday September 18, 2019, which indicates further gains until a new top pivot has been found. Aemetis has rising 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.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.00 and $0.97.

There is 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, Aemetis finds support just below today's level at $1.00. If this is broken, then the next support from accumulated volume will be at $0.97 and $0.96.

Support: $1.00 Price: $1.19

Risk

This stock may move much during a 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 $0.11 between high and low, or 9.93%. For the last week, the stock has had a daily average volatility of 14.79%.

The stock is extremely overbought on RSI14 (80). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $1.13 (-5.07%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)

14.79 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

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