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ATER

ATER heading back to $20?Not a financial advisor. ATER has recently pulled back after seeing movement back to the $18ish area. (Extended Hours) I previously stated that I have a price target of $25. I believe we have the potential to see that fairly soon. If we manage to get over the 50 MA on the daily, see a little retest of breaking past that, we should see the movement coming to bring us to that $20 area. So if we can get ATER to run close to that 13.08 fib then retrace creating divergence for an up coming bounce off the 50 MA around 12.14 area. That should give us enough pop off momentum to get back to that $17 range. From there I would think we would need a little extra cool off to gain the power to retest / breakthrough that $20 resistance. Higher timeframes have more room. Just calling it how I see things unfolding. Chime in with your thoughts, always great hearing others voice their thoughts.
NASDAQ:ATERLong
by StofAxeCapital
6
ATER support level and potential reversalSummary about the Aterian Inc - ATER (previously known as MWK): is a consumer product platform, experts at scaling brands growing more efficient by creating consumer products that respond to needs expressed by shoppers, using data and machine learning to understand the customer journey. Today, our they have more than 2,000 products, supported by AIMEE™, their Commerce Operating System, and over 220 employees across the globe. Technical analysis Summary: ATER downtrend (meltdown) started in Feb 17 and continued for almost 130 trading sessions, where the company prices dropped over 90% during the period. The total volumes during this prolonged period were over 155M shares. On August 23, the company started a reversal after scoring what we know now to be the bottom (future might show otherwise); and following that, a positive uptrend started forming. During recent bull run, which took 15 trading sessions, the share prices have grown over 440% with volumes exceeding 800M shares. That run was faced by a correction that led to the company hitting 9.2, which this post is built on as a potential reversal for the assumption of a continued bull run. TA Details: As can be seen from the chart, ATER managed to break the lengthy major downtrend after hitting the bottom at 3.11. This was followed by a bull run combined with huge volumes, which indicates major entry at such levels, strengthening the view and position of the bottom. This run was strong enough to break 13.94, as a major point part of the overall correction since Feb 17, however that didn’t last for long. After hitting 19.1, price swings and huge volumes, indicating a heated competition between buyers and sellers for control of ATER pricing. Looking at the retracement from 19.1 to 9.14, we can see the share price playing within the range and volumes are massively dropping with major price discounts. Thus far within 12 trading sessions volumes are around 900M which is mainly driven by fierce daily trading. I see the range between 9.95 – 9.1 as a potential reversal range with three that was tested thus far on four different sessions and managed to protect the downsize, specifically with current low volumes on daily sessions. Breaking 9.0 with volumes would indicate the best next support level would be around 7.0-6.7; should that happen on a quick note and followed by massive reversal, I would say this is heading towards testing the local downtrend (dotted great line). Disclaimer: TA is not meant to be used alone for making investments decisions, and this is not financial advice. Personally, I'm invested in ATER for a long term potential before the events of this analysis occur. Don't trust, validate and make sure you control your money decisions, not some strangers on the internet.
NASDAQ:ATERLong
by saudi_buffett
3
ATER Trying To Redeem ItselfWe've looked at countless charts and share structures of the so called "short squeeze stocks" with ATER popping up. While it isn't the highest short interest, sites like finviz point out a short float percentage of over 20%. Further, the penny stock fell hard in August after filing a registration statement for selling shareholders at 2.7 million shares. Thanks to the likes of SPRT BBIG and even MMAT , these high-short interest stocks are the talk of the market right now. The big question is will they hold up to the hype and how long will the moves last IF they even begin in the first place? " While no news was announced sparking this gain, we did see many tech penny stocks climb during today’s session. However, it did report its second quarter 2021 financial results only a few weeks ago. In the results, the company reported 14% growth in its revenue YoY to $68.2 million. In addition, it managed to grow its gross margin from 46.7% to 48% in addition to decreasing its operating expenses from $29.4 million to $28.4 million...“This has been a challenging quarter for e-commerce marked by a global supply chain crisis, inflation and an extreme shift in consumer behavior due to the opening of brick and mortar stores after the relaxation of COVID-19 related restrictions...Despite the difficult environment and significant increase in product variable cost, our sales grew on average 20% on a proforma basis across all fourteen brands compared to the second quarter of 2019.” The Co-Founder and CEO of Aterian Inc., Yaniv Sarig " Quote Source & Read More: These 3 Penny Stocks Exploded on Friday, Here’s Why
NASDAQ:ATER
by PennyStocks101