Aerohive Networks Inc Stock Forecast
Aerohive Networks Inc stock price down 0% on Friday
(Updated on Oct 11, 2019)
No changes to the price of Aerohive Networks Inc stock on the last trading day (Friday, 11th Oct 2019). During the last trading day the stock fluctuated 0% from a day low at $4.44 to a day high of $4.44. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and weak 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 4.95% during the next 3 months and, with a 90% probability hold a price between $0.492 and $7.83 at the end of this 3-month period.
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HIVE Signals & Forecast
The Aerohive Networks Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.44 and $3.50. A breakdown below any of these levels will issue sell signals. 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 Thursday, October 10, 2019, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aerohive Networks Inc stock
Aerohive Networks Inc finds support from accumulated volume at $4.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $4.26 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HIVE) For The Upcoming Trading Day Of Monday 14th
For the upcoming trading day on Monday, 14th we expect Aerohive Networks Inc to open at $4.44, and during the day (based on 14 day Average True Range), to move between $4.36 and $4.52, which gives a possible trading interval of +/-$0.0797 (+/-1.79%) up or down from last closing price. If Aerohive Networks Inc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.45 (0.23%) than the support at $4.43 (0.23%), 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 Aerohive Networks Inc stock A Buy?
Aerohive Networks Inc 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: 0.164 Hold/Accumulate Unchanged
Predicted Opening Price for Aerohive Networks Inc of Monday, October 14, 2019
Fair opening price October 14, 2019 | Current price |
---|---|
$4.44 ( 0%) | $4.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIVE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.44 | . | |
R2 | 4.44 | . | ||
R1 | 4.44 | . | ||
Current price: | 4.44 | |||
Support | S1 | 4.44 | . | |
S2 | 4.44 | . | ||
S3 | 4.44 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 4.46 | 0.450 % | ||
R1 | 4.45 | 0.225 % | ||
Current price | 4.44 | |||
Support | S1 | 4.43 | -0.225% | |
S2 | 4.42 | -0.450% | ||
S3 | 0 | . |
FAQ
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