1 AEHL might be entering a bullish pattern. 2 If buyers intend to charge, AEHL stock might surge strongly from the current level and surge above. Antelope Enterprise Holdings Ltd. makes and sells tiles of different kinds. It has five brands: Hengda, HDL, TOERTO, WULIQIAO, and Pot...
- 1 AEHL might be entering a bullish pattern.
- 2 If buyers intend to charge, AEHL stock might surge strongly from the current level and surge above.
Antelope Enterprise Holdings Ltd. makes and sells tiles of different kinds. It has five brands: Hengda, HDL, TOERTO, WULIQIAO, and Pottery Capital of the Tang Dynasty. It produces tiles that are ceramic, glazed, rustic, polished, or porcelain. It started in 1993 by Jia Dong Huan and is based in Chengdu, China.
AEHL stock has a current market price of $1.83 (press time) and an intraday loss of 4.19%. The AEHL stock’s average volume for the last 10 days is 6.341K and its current volume is 1.711K. The AEHL stock has a float of 1.22 Million shares and a market cap of $3.834 Million.
Moreover, AEHL stock has not performed well this month, as it fell by 24.69% and by 83.20% in the past six months. Also, the year-to-date return of AEHL price is negative with a 70.00% decline.
The price of AEHL stock dropped from $16.40 to $1.80 in the past 6 months. It made lower lows and lower highs, which means it was going down steadily. It tried to go up from $5, but failed and went down from $8, which was an important level. It followed the support and resistance lines very well.
Right now, the price is $1.83. In the long term, it looks like AEHL might be making a bullish pattern, which means it could go up. This is the falling wedge pattern and it could break out.
Now it seems like the stock is ready for a sensational surge, as it shows a bullish pattern in the longer trend and might unleash its potential to topple the resistance level and soar to new zeniths from the current base zone. Therefore, to thrust upwards, the price needs to gather buying power in the long term.
The AEHL stock might surge strongly from the current level and surge above. The possible targets are between $3.30 and $4.30. On the contrary, if AEHL stock fails to hold its grip and declines, it could breach below $1.50 followed by $1.20.
Technical Evaluation of AEHL Stock on 1-D Time Frame
Currently, AEHL stock is trading below the 20, 50, 100, and 200-EMAs, which are rejecting the price as the stock was in a downtrend for a prolonged period of time.
Nevertheless, if buying volume adds up, then the price might support bullish momentum by making higher highs and lows. Hence, the AEHL price is expected to move upward giving a bullish outlook over the daily time frame chart.
Price Prediction Of AEHL Stock Price For 2023.
As per the price action, if the stock breaks out of a falling wedge pattern before December end 2023, the stock could reach a potential high of $3.15 and an average of $2.23.
Price Prediction of AEHL Stock Price For 2024.
If AEHL stock price reaches a high of $3.15 by 2023, then, in 2024, the stock might go up to $15.49 and deliver an ROI of 391.75%. Meanwhile, the average could be $9.00 and the potential low could be $3.50, which shows year-to-year change of 303.59% and 125.81%, respectively.
Price Prediction of AEHL Stock Price For 2025.
Moreover, if AEHL succeeds in hitting the $15.49 mark by 2024, it could go as high as $25.88 by 2025 end. This could give a delight to investors an ROI of 721.59%, with a year-over-year change of 67.08%. On top of that, the average could be $20.05 and the potential low could be $13.40, which shows a year-over-year change of 122.78% and 282.86%, respectively.
Price Prediction of AEHL Stock Price For 2023-2025.
Does It Have Potential For $25?
In the long term, it looks like AEHL might be making a bullish pattern. The pattern is called a falling wedge and it could break out. To thrust upwards, the price needs long term buying power. Moreover, If AEHL stock price reaches a high of $3.15 by 2023 and AEHL succeeds in hitting the $15.49 mark by 2024, it could go as high as $25.88 by 2025 end.
Technical Levels
Support Levels: $1.50 and $1.20
Resistance Levels: $3.30 and $4.30
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.