AMLH Stock Price Forecast. Should You Buy

By Justin Jones Last updated Nov 6, 2022

AMLH Stock Price Forecast. Should You Buy: AMLH stock’s price is 0.001$ as of 2022 July 21, Thursday, and data shows that the asset price has been declining for the past 12 months (or since its inception).

Since American Leisure Holdings’ stock price has been trending downward, we assume that comparable market segments were not very well-liked throughout the time frame in question.

Our website employs a unique deep learning-based algorithm that assists consumers in determining whether AMLH would be a poor addition to their portfolios. These forecasts consider a number of factors, including volume changes, price changes, market cycles, and comparable stocks.

Our prediction method predicts that the stock’s future price will be $0 (-100%) after a year.

As a result, if you invested $100 now, it might not be worth anything on July 21, 2023.

This indicates that you shouldn’t add this stock to your portfolio because trading in bear markets is always more difficult, especially for novice traders.

On the final trading day, the price of American Leisure Holdings, Inc. stock remained unchanged (Wednesday, 20th Jul 2022). The stock changed 12.50 percent throughout the day, moving from a day low of $0.0008 to a day high of $0.0009. The price is down -11.11 percent during the last 10 days and has declined in 4 of those days.

In the near term, the stock is in the middle of a fairly broad declining trend, and a further decline within the trend is indicated. According to the short-term trend, the stock is predicted to decline by 2.27 percent over the next three months and, with a 90% likelihood, remain between $0.0006 and $0.0011 at that time.

Table of Contents

Signals & Forecast

On Friday, July 1, 2022, a buy signal was sent from a pivot bottom point; thus far, it has declined 0%. Up until the discovery of a new top pivot, more growth is predicted. While the price was stable yesterday, volume increased. Although this is not a typical divergence, it is still important to keep an eye on the stock as it could signal a “turning point”.

The risk is increased by the extremely low volume, which also weakens the other technical indications sent. Additionally, certain unfavorable signals were sent, and these could have an impact on the development in the near future. Both the short-term and long-term moving averages on the American Leisure Holdings, Inc. stock have issued sell signals, which indicates a more pessimistic outlook for the stock.

The lines at $0.0008 and $0.0008 will offer some resistance during corrections upward. Buy signals will be issued if any of these levels is broken above. Additionally, the 3-month Moving Average Convergence Divergence has issued a sell signal (MACD).

Support, Risk & Stop-loss

On the downside, the stock receives support from accumulated volume around $0.0007 and $0.0007 close below the price of today. When a stock is testing a support level, there is an inherent risk involved since if this level is broken, the stock may fall to the next support level. Just below the price of today, at $0.0007, American Leisure Holdings, Inc. finds support. The next support from accumulated volume, if this is broken, will be between $0.0007 and $0.0007.

This stock is regarded as “high risk” because it has a big Bollinger Band prediction interval and may change significantly during the trading day (volatility). The stock fluctuated 12.50 percent, or $0.0001, between high and low over the previous day. The stock’s daily average volatility during the previous week was 17.38 percent.

Trading Expectations For The Upcoming Trading Day Of Thursday 21st

For the upcoming trading day on Thursday, November 21, we anticipate American Leisure Holdings, Inc. to open at $0.0008 and trade between $0.0006 and $0.0010 (based on the 14-day ATR), giving a potential trading range of +/-$0.0002 (+/-19.60 percent) up or down from the previous closing price. The difference between the lowest and highest trading prices for the day is predicted to be 39.20 percent if American Leisure Holdings, Inc. uses the whole calculated probable swing range.

Our systems do not deem the trading risk/reward favorable for intraday trading since the stock is closer to the resistance from the cumulative volume at $0.0009 (6.25 percent) than the support at $0.0007 (12.50 percent), and any bets should be held until the stock is closer to the support level.

Is American Leisure Holdings, Inc. stock A Buy?

We predict American Leisure Holdings, Inc. will continue to perform poorly over the coming days or weeks because it has multiple warning signs of decline and is in a very broad and downward trend. As a result, we have a pessimistic opinion of this stock.

Related Posts