The Affluence Corporation stock price gained 8.33% on the last trading day (Friday, 3rd May 2024), rising from $0.0120 to $0.0130. During the last trading day the stock fluctuated 7.14% from a day low at $0.0129 to a day high of $0.0138. The price has been going up and down for this period, and there has been a -1.52% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 931 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $13.12 thousand.
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 36.70% during the next 3 months and, with a 90% probability hold a price between $0.0121 and $0.0259 at the end of this 3-month period.
Trading Expectations (AFFU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Affluence Corporation to open at $0.0132, and during the day (based on 14 day Average True Range), to move between $0.0107 and $0.0153, which gives a possible trading interval of +/-$0.0023 (+/-17.74%) up or down from last closing price. If Affluence Corporation takes out the full calculated possible swing range there will be an estimated 35.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0129 (0.77%) than the resistance at $0.0132 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Affluence Corporation 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 Affluence Corporation stock to perform well in the short-term.
