ATA Inc. Stock Forecast
Green day on Monday for ATA Inc. stock after gaining 1.08%
(Updated on Apr 22, 2024)
The ATA Inc. stock price gained 1.08% on the last trading day (Monday, 22nd Apr 2024), rising from $1.85 to $1.87. During the last trading day the stock fluctuated 5.56% from a day low at $1.80 to a day high of $1.90. The price has fallen in 6 of the last 10 days and is down by -28.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.95 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 $1.75 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 16.94% during the next 3 months and, with a 90% probability hold a price between $2.05 and $3.11 at the end of this 3-month period.
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ATAI Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ATA Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.02 and $2.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -28.08%. 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 ATA Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.77 and $1.74. There is a 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, ATA Inc. finds support just below today's level at $1.77. If this is broken, then the next support from accumulated volume will be at $1.74 and $1.67.
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 $0.1000 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 7.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATAI) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect ATA Inc. to open at $1.86, and during the day (based on 14 day Average True Range), to move between $1.67 and $2.07, which gives a possible trading interval of +/-$0.199 (+/-10.64%) up or down from last closing price. If ATA Inc. takes out the full calculated possible swing range there will be an estimated 21.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.96 (4.81%) than the support at $1.77 (5.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ATA Inc. stock A Buy?
The ATA Inc. stock holds several negative signals and despite the positive trend, we believe ATA Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.352 Sell Candidate Unchanged
Predicted Opening Price for ATA Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $1.86 ( 0.713%) | $1.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.96 | 4.63 % | |
| R2 | 1.92 | 2.59 % | ||
| R1 | 1.89 | 1.33 % | ||
| Current price: | 1.87 | |||
| Support | S1 | 1.82 | -2.76 % | |
| S2 | 1.79 | -4.02 % | ||
| S3 | 1.76 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.19 | 17.11 % | |
| R2 | 2.01 | 7.49 % | ||
| R1 | 1.96 | 4.81 % | ||
| Current price | 1.87 | |||
| Support | S1 | 1.77 | -5.35% | |
| S2 | 1.74 | -6.95% | ||
| S3 | 1.67 | -10.70% |
ATAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2018 | Aug 27, 2018 | Aug 24, 2018 | $6.00 | 0% |
| 2 | Jun 01, 2017 | Jun 08, 2017 | Jun 30, 2017 | $0.410 | 0% |
| 3 | May 29, 2014 | Jun 26, 2014 | Jul 31, 2014 | $0.410 | 0% |
| 4 | Aug 16, 2012 | Aug 16, 2012 | Sep 20, 2012 | $0.150 | 0% |
| 5 | Jun 08, 2011 | Jun 28, 2011 | Aug 01, 2011 | $0.430 | 0% |
FAQ
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