Aspen Aerogels Inc Stock Forecast
Evaluation of Aspen Aerogels Inc stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Aspen Aerogels Inc stock price gained 0.0601% on the last trading day (Wednesday, 24th Apr 2024), rising from $16.63 to $16.64. 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 3.18% from a day low at $16.34 to a day high of $16.86. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume fell on the last day by -352 thousand shares and in total, 573 thousand shares were bought and sold for approximately $9.53 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 very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.92% during the next 3 months and, with a 90% probability hold a price between $17.99 and $24.66 at the end of this 3-month period.
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ASPN Signals & Forecast
The Aspen Aerogels Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.49 and $16.31. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -7.04%. 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 Aspen Aerogels Inc stock
Aspen Aerogels Inc finds support from accumulated volume at $16.63 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 $0.520 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: $15.84 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (ASPN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aspen Aerogels Inc to open at $16.61, and during the day (based on 14 day Average True Range), to move between $15.82 and $17.46, which gives a possible trading interval of +/-$0.82 (+/-4.96%) up or down from last closing price. If Aspen Aerogels Inc takes out the full calculated possible swing range there will be an estimated 9.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.63 (0.06%) than the resistance at $16.85 (1.26%), 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
Aspen Aerogels Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.130. We will update the financials statements for Aspen Aerogels Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.38% in the first trading day after earnings release.
Is Aspen Aerogels Inc stock A Buy?
Aspen Aerogels 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.992 Hold/Accumulate Downgraded
Predicted Opening Price for Aspen Aerogels Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $16.61 ( 0.160%) | $16.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.13 | 2.96 % | |
| R2 | 16.93 | 1.77 % | ||
| R1 | 16.81 | 1.03 % | ||
| Current price: | 16.64 | |||
| Support | S1 | 16.41 | -1.35 % | |
| S2 | 16.29 | -2.09 % | ||
| S3 | 16.09 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.43 | 4.75 % | |
| R2 | 17.17 | 3.19 % | ||
| R1 | 16.85 | 1.26 % | ||
| Current price | 16.64 | |||
| Support | S1 | 16.63 | -0.0601% | |
| S2 | 15.26 | -8.29% | ||
| S3 | 14.33 | -13.88% |
ASPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 03, 2009 | Dec 03, 2009 | Dec 03, 2009 | $0.730 | 0% |
| 2 | Nov 08, 2006 | Nov 16, 2006 | Dec 06, 2006 | $0.0500 | 0% |
FAQ
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