AHG Stock Price Near All-time Low: Will Buyers Bounce Back?
- AHG stock price is down by 73% in the last 3 months.
- Akso Health Group stock price has dropped below the key moving averages indicating weakness.
AHG stock chart structure displays that the price has been in a strong bearish trend and currently recovering from an all-time low. The AHG stock price has formed a base and consolidated throughout 2023 after the strong selling pressure. The price triggered a breakout from the consolidation zone in the last week of August 2023 and pumped by approximately 600% in 2 months.
Recently, the asset price has been rising by taking support on the trendline. The AHG price has performed positively at the beginning of this year and gained more than 200% but failed to hold. AHG stock price failed to sustain the $2.50 and melted back to the trendline.
According to the technical indicators, the MACD has formed a red histogram and MACD and the Signal is below the Zero line which showcases the bearish forecast. The Akso Health Group stock price is trading below the significant moving averages which showcases the bearish momentum.
About Akso Health Group (AHG)
Akso Health Group is a dynamic force in China’s social e-commerce landscape. Through its popular Xiaobai Maimai App, the company brings a delightful array of products right to your fingertips. Whether you’re craving a gourmet snack, searching for the perfect bottle of wine, updating your beauty bag, or revamping your wardrobe, Akso has it all.
But it’s not just about shopping; it’s a lifestyle. From entertainment goodies to essential home appliances, and even special deals at your local gas station, Akso turns everyday errands into a joy.
Beyond retail, Akso is a trusted ally in health and wellness. With expert consultancy, cutting-edge IT support, top-notch medical devices, and a commitment to health treatment services, they’re a beacon of care in the digital age.
Once known as Xiaobai Maimai Inc., the company embraced its new identity as Akso Health Group in December 2021, reflecting its broadened horizons. Rooted in the coastal city of Qingdao since its inception in 2014, Akso Health Group stands as a testament to innovation, convenience, and community in the heart of China. ️
AHG Price Forecast: Bulls Eyeing For the $2 Mark?
NASDAQ: AHG/USD 1-Day Chart By TradingView
The current market price of AHG stock is $0.770 which has lost 8.34% in an intraday session. The market capitalization is $17.61 million and the average volume is $73.45K. The short-term outstanding is 146.68 million and the EPS is -0.230.
On a daily time frame, the AHG stock price has dropped to the trendline and taking support. The price is struggling between the trendline and the 200-day exponential moving average. Suppose the Akso Health Group stock price starts trading below the trendline and sustains, selling pressure can be expected.
Suppose the price slips below the $0.500 level then sellers may look for a new all-time low.
On the other hand, if the stock price takes support on the trendline and manages to surpass the key moving average, buyers may become confident and may approach the last swing high.
AHG Stock Price Technical Analysis Over Weekly Timeframe
NASDAQ: AHG/USD 1-Week Chart By TradingView
On a weekly time frame, the AHG price has melted back to the trendline. if the price takes support and bounces back, buying momentum for the short term can be expected.
alternatively, if the asset price falls below the trendline then most of the buyers will face their stop losses which may result in selling pressure. Suppose the sellers dominate then a new all-time low can be registered.
Conclusion
Akso Health Group’s (AHG) stock price has dropped by 73% over the last three months. Technical analysis indicates that AHG stock price needs to hold trendline support and breakthrough key moving averages for a bullish reversal. However, bearish indicators suggest that the path ahead may be challenging. Investors are closely monitoring AHG’s performance in the coming weeks, as it either finds its footing for a recovery or risks further declines.
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
