Alpha and Omega Semiconductor Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Alpha and Omega Semiconductor Limited stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Alpha and Omega Semiconductor Limited stock price gained 1.41% on the last trading day (Thursday, 25th Apr 2024), rising from $21.21 to $21.51. It has now gained 4 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 last trading day the stock fluctuated 4.01% from a day low at $20.73 to a day high of $21.56. The price has fallen in 6 of the last 10 days and is down by -6.03% for this period. Volume fell on the last day by -37 thousand shares and in total, 93 thousand shares were bought and sold for approximately $2.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.82% during the next 3 months and, with a 90% probability hold a price between $16.43 and $20.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AOSL Signals & Forecast
There are mixed signals in the stock today. The Alpha and Omega Semiconductor Limited 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 $21.86. On a fall, the stock will find some support from the short-term average at $20.42. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.03%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Alpha and Omega Semiconductor Limited stock
Alpha and Omega Semiconductor Limited finds support from accumulated volume at $21.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.83 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: $20.73 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AOSL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Alpha and Omega Semiconductor Limited to open at $21.27, and during the day (based on 14 day Average True Range), to move between $20.69 and $22.33, which gives a possible trading interval of +/-$0.82 (+/-3.83%) up or down from last closing price. If Alpha and Omega Semiconductor Limited takes out the full calculated possible swing range there will be an estimated 7.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.35 (0.74%) than the resistance at $22.23 (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alpha and Omega Semiconductor Limited stock A Buy?
Alpha and Omega Semiconductor Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.021 Hold/Accumulate Upgraded
Predicted Opening Price for Alpha and Omega Semiconductor Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $21.27 ( 1.13%) | $21.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.10 | 2.73 % | |
| R2 | 21.78 | 1.26 % | ||
| R1 | 21.58 | 0.343 % | ||
| Current price: | 21.51 | |||
| Support | S1 | 20.95 | -2.61 % | |
| S2 | 20.75 | -3.53 % | ||
| S3 | 20.43 | -5.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.00 | 6.93 % | |
| R2 | 22.50 | 4.60 % | ||
| R1 | 22.23 | 3.35 % | ||
| Current price | 21.51 | |||
| Support | S1 | 21.35 | -0.744% | |
| S2 | 20.02 | -6.93% | ||
| S3 | 19.55 | -9.11% |
FAQ
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