Aquestive Therapeutics Inc. Stock Forecast
Aquestive Therapeutics Inc. stock upgraded to Hold/Accumulate.
(Updated on Apr 15, 2024)
The Aquestive Therapeutics Inc. stock price gained 0.767% on the last trading day (Monday, 15th Apr 2024), rising from $3.91 to $3.94. During the last trading day the stock fluctuated 7.05% from a day low at $3.83 to a day high of $4.10. The price has been going up and down for this period, and there has been a -4.6% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $5.28 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.
Given the current short-term trend, the stock is expected to rise 61.43% during the next 3 months and, with a 90% probability hold a price between $6.36 and $11.21 at the end of this 3-month period.
AQST Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aquestive Therapeutics Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.04 and $4.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -35.30%. 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).
Support, Risk & Stop-loss for Aquestive Therapeutics Inc. stock
Aquestive Therapeutics Inc. finds support from accumulated volume at $3.91 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 $0.270 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: $3.80 (-3.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (AQST) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Aquestive Therapeutics Inc. to open at $3.96, 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 +/-$0.378 (+/-9.59%) up or down from last closing price. If Aquestive Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 19.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.91 (0.76%) than the resistance at $4.18 (6.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aquestive Therapeutics Inc. stock A Buy?
Aquestive Therapeutics Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.509 Hold/Accumulate Upgraded
Predicted Opening Price for Aquestive Therapeutics Inc. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $3.96 ( 0.423%) | $3.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.23 | 7.28 % | |
| R2 | 4.12 | 4.66 % | ||
| R1 | 4.06 | 3.04 % | ||
| Current price: | 3.94 | |||
| Support | S1 | 3.85 | -2.19 % | |
| S2 | 3.79 | -3.81 % | ||
| S3 | 3.69 | -6.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.51 | 14.34 % | |
| R2 | 4.38 | 11.17 % | ||
| R1 | 4.18 | 6.09 % | ||
| Current price | 3.94 | |||
| Support | S1 | 3.91 | -0.761% | |
| S2 | 3.65 | -7.36% | ||
| S3 | 3.20 | -18.78% |
FAQ
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