Aemetis Stock Forecast
Red day on Friday for Aemetis stock after losing 2.23%
(Updated on Apr 26, 2024)
The Aemetis stock price fell by -2.23% on the last day (Friday, 26th Apr 2024) from $4.03 to $3.94. During the last trading day the stock fluctuated 3.97% from a day low at $3.91 to a day high of $4.06. The price has fallen in 6 of the last 10 days and is down by -8.16% for this period. Volume has increased on the last day by 129 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 771 thousand shares were bought and sold for approximately $3.04 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.82% during the next 3 months and, with a 90% probability hold a price between $4.27 and $7.97 at the end of this 3-month period.
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AMTX Signals & Forecast
There are few to no technical positive signals at the moment. The Aemetis stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.33. On a fall, the stock will find some support from the short-term average at $3.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -34.55%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aemetis stock
Aemetis finds support from accumulated volume at $3.90 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 $0.155 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 6.94%.
Aemetis is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMTX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aemetis to open at $3.97, and during the day (based on 14 day Average True Range), to move between $3.56 and $4.32, which gives a possible trading interval of +/-$0.380 (+/-9.66%) up or down from last closing price. If Aemetis takes out the full calculated possible swing range there will be an estimated 19.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.90 (1.02%) than the resistance at $4.03 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aemetis will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.320. We will update the financials statements for Aemetis, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 20.32% in the first trading day after earnings release.
Is Aemetis stock A Buy?
The Aemetis stock holds several negative signals and despite the positive trend, we believe Aemetis will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.525 Sell Candidate Unchanged
Predicted Opening Price for Aemetis of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.97 ( 0.719%) | $3.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.12 | 4.65 % | |
| R2 | 4.06 | 3.15 % | ||
| R1 | 4.03 | 2.22 % | ||
| Current price: | 3.94 | |||
| Support | S1 | 3.91 | -0.784 % | |
| S2 | 3.87 | -1.71 % | ||
| S3 | 3.81 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.88 | 23.86 % | |
| R2 | 4.46 | 13.20 % | ||
| R1 | 4.03 | 2.28 % | ||
| Current price | 3.94 | |||
| Support | S1 | 3.90 | -1.02% | |
| S2 | 3.89 | -1.40% | ||
| S3 | 3.79 | -3.81% |
FAQ
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