Airgain Inc Stock Forecast
Airgain Inc stock price up 0.90% on Wednesday
(Updated on Apr 24, 2024)
The Airgain Inc stock price gained 0.90% on the last trading day (Wednesday, 24th Apr 2024), rising from $5.57 to $5.62. 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 3.21% from a day low at $5.45 to a day high of $5.62. The price has risen in 7 of the last 10 days and is up by 7.87% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 7 thousand shares were bought and sold for approximately $38.89 thousand. 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 44.06% during the next 3 months and, with a 90% probability hold a price between $7.48 and $9.39 at the end of this 3-month period.
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AIRG Signals & Forecast
The Airgain 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 $5.46 and $5.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 21.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Airgain Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.27 and $4.62. 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, Airgain Inc finds support just below today's level at $5.27. If this is broken, then the next support from accumulated volume will be at $4.62 and $4.54.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.175 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 4.51%.
Our recommended stop-loss: $5.43 (-3.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (AIRG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Airgain Inc to open at $5.56, and during the day (based on 14 day Average True Range), to move between $5.31 and $5.93, which gives a possible trading interval of +/-$0.307 (+/-5.46%) up or down from last closing price. If Airgain Inc takes out the full calculated possible swing range there will be an estimated 10.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.27, some $0.350 (6.23%) from the current price of $5.62, our system finds the risk reward attractive.
Is Airgain Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Airgain Inc stock to perform well in the short-term.
Current score: 3.526 Buy Candidate Unchanged
Predicted Opening Price for Airgain Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.56 ( 1.04%) | $5.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.74 | 2.08 % | |
| R2 | 5.67 | 0.89 % | ||
| R1 | 5.63 | 0.152 % | ||
| Current price: | 5.62 | |||
| Support | S1 | 5.49 | -2.23 % | |
| S2 | 5.45 | -2.96 % | ||
| S3 | 5.39 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.62 | |||
| Support | S1 | 5.27 | -6.23% | |
| S2 | 4.62 | -17.79% | ||
| S3 | 4.54 | -19.22% |
FAQ
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