Technical Analysis:
AUR has experienced significant volatility over the past two weeks. The stock dropped 21.18% last week amid overall market weakness, following a strong 41.53% gain the previous week after reporting Q4 results.
Current technical indicators show:
- RSI-14 at 48.71 indicates neutral momentum
- MACD (0.44) remains positive but showing weakening momentum
- Stock trading above all major moving averages (SMA 5: 8.87, SMA 20: 7.53)
- Bollinger Bands show price near middle band (7.53) with upper band at 10.81
News & Fundamental Catalysts:
- Company announced plans to launch commercial operations in April 2025 between Dallas and Houston
- Expansion planned to Fort Worth, El Paso, and Phoenix in Q3 2025
- Cantor Fitzgerald maintains Overweight rating with $10 price target
Price Prediction for Next Week:
Based on technical analysis and Fibonacci levels:
- Resistance levels: R1: $10.13, R2: $11.16
- Support levels: S1: $6.80, S2: $5.78
- Pivot point: $8.47
Expected price range: $6.80-$10.13
Trading Recommendation: SELL
Rationale:
- Stock has shown significant weakness after recent rally
- Technical indicators suggest momentum is fading
- Current price ($7.53) near middle of expected range with limited upside potential
- Market uncertainty and broader tech sector weakness could pressure the stock
Target exit: $6.80-$7.00 range
Technical Analysis:
AUR has experienced significant volatility over the past two weeks. The stock dropped 21.18% last week amid overall market weakness, following a strong 41.53% gain the previous week after reporting Q4 results.
Current technical indicators show:
- RSI-14 at 48.71 indicates neutral momentum
- MACD (0.44) remains positive but showing weakening momentum
- Stock trading above all major moving averages (SMA 5: 8.87, SMA 20: 7.53)
- Bollinger Bands show price near middle band (7.53) with upper band at 10.81
News & Fundamental Catalysts:
- Company announced plans to launch commercial operations in April 2025 between Dallas and Houston
- Expansion planned to Fort Worth, El Paso, and Phoenix in Q3 2025
- Cantor Fitzgerald maintains Overweight rating with $10 price target
Price Prediction for Next Week:
Based on technical analysis and Fibonacci levels:
- Resistance levels: R1: $10.13, R2: $11.16
- Support levels: S1: $6.80, S2: $5.78
- Pivot point: $8.47
Expected price range: $6.80-$10.13
Trading Recommendation: SELL
Rationale:
- Stock has shown significant weakness after recent rally
- Technical indicators suggest momentum is fading
- Current price ($7.53) near middle of expected range with limited upside potential
- Market uncertainty and broader tech sector weakness could pressure the stock
Target exit: $6.80-$7.00 range