Atossa Genetics Stock Forecast
Atossa Genetics stock price up 0.671% on Wednesday
(Updated on Apr 24, 2024)
The Atossa Genetics stock price gained 0.671% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.49 to $1.50. It has now gained 3 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 7.77% from a day low at $1.48 to a day high of $1.60. The price has risen in 6 of the last 10 days but is still down by -14.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 713 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $2.78 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 $1.42 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 84.86% during the next 3 months and, with a 90% probability hold a price between $2.63 and $4.33 at the end of this 3-month period.
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ATOS Signals & Forecast
There are mixed signals in the stock today. The Atossa Genetics 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 $1.58. On a fall, the stock will find some support from the short-term average at $1.44. 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 Thursday, April 04, 2024, and so far it has fallen -28.57%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Atossa Genetics stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.42 and $1.35. 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, Atossa Genetics finds support just below today's level at $1.42. If this is broken, then the next support from accumulated volume will be at $1.35 and $1.15.
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 $0.115 between high and low, or 7.77%. For the last week, the stock has had daily average volatility of 10.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATOS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Atossa Genetics Inc. to open at $1.53, and during the day (based on 14 day Average True Range), to move between $1.32 and $1.68, which gives a possible trading interval of +/-$0.182 (+/-12.11%) up or down from last closing price. If Atossa Genetics Inc. takes out the full calculated possible swing range there will be an estimated 24.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.42 (5.33%) than the resistance at $1.63 (8.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atossa Genetics Inc. stock A Buy?
Atossa Genetics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.726 Sell Candidate Unchanged
Predicted Opening Price for Atossa Genetics Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$1.53 ( 1.67%) | $1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.64 | 9.33 % | |
R2 | 1.60 | 6.40 % | ||
R1 | 1.57 | 4.60 % | ||
Current price: | 1.50 | |||
Support | S1 | 1.48 | -1.26 % | |
S2 | 1.45 | -3.07 % | ||
S3 | 1.41 | -6.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.87 | 24.67 % | |
R2 | 1.84 | 22.67 % | ||
R1 | 1.63 | 8.67 % | ||
Current price | 1.50 | |||
Support | S1 | 1.42 | -5.33% | |
S2 | 1.35 | -10.00% | ||
S3 | 1.15 | -23.33% |
FAQ
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