Aware Stock Forecast

Red day on Tuesday for Aware stock after losing 1.16%
(Updated on Apr 23, 2024)

AWRE Signals & Forecast

There are mixed signals in the stock today. The Aware 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 $1.77. On a fall, the stock will find some support from the short-term average at $1.69. 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, March 28, 2024, and so far it has fallen -9.09%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aware stock

Aware finds support from accumulated volume at $1.62 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0950 between high and low, or 5.72%. For the last week the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: $1.62 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AWRE) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Aware to open at $1.71, and during the day (based on 14 day Average True Range), to move between $1.60 and $1.80, which gives a possible trading interval of +/-$0.0977 (+/-5.75%) up or down from last closing price. If Aware takes out the full calculated possible swing range there will be an estimated 11.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.75 (2.94%) than the support at $1.62 (4.71%), 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 Aware stock A Buy?

Aware 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.

Current score: 0.519 Hold/Accumulate Unchanged

Predicted Opening Price for Aware of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.