A Guide To The Risks Of Investing In Atlis Motor Vehicles Inc. (AMV)

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Price Performance Review of AMV

On Tuesday, Atlis Motor Vehicles Inc. [NASDAQ:AMV] saw its stock fall -10.29% to $3.05. On the same session, the stock had its day’s lowest price of $3.0101, but rose to a high of $3.47. Over the last five days, the stock has lost -41.23%. Atlis Motor Vehicles Inc. shares have fallen nearly -6.15% since the year began. A total of 1.73 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For AMV Stock

The 24-hour chart illustrates a support level at 2.88, which if violated will result in even more drops to 2.72. On the upside, there is a resistance level at 3.34. A further resistance level may holdings at 3.64. The Relative Strength Index (RSI) on the 14-day chart is 38.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.26%. Stochastics %K at 15.52% indicates the stock is a buying.

According to FactSet, Atlis Motor Vehicles Inc.’s share price will average $15.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 341.18 percent from its previous closing price of $3.40. Analysts expect Atlis Motor Vehicles Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $15.00. However, 1 analyst have rated AMV stock as a Buy in their predictions for 2023.

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