- Aehr stock price has been recovering as silicon carbide chips sales increased and led AEHR shares to be preferred by investors.
- Aehr share price has recovered above 20, 50, 100 and 200-days Daily Moving Average.
- Aehr share price (NASDAQ: AEHR) has soared around 9.06% by the opening of Monday’s trading session.
Aehr stock price has been trading with strong uptrend momentum over the daily time frame chart. AEHR investors may witness a successful rally of Aehr share price during 2023. Aehr share price has overseen an overwhelming performance of buyers during last week. Meanwhile, Aer share price is maintaining the recovery phase of the share price over the daily time frame chart.
Aehr stock price was at 34.75% and has gained 9.06% of its market capitalization during the day’s trading session. Trading volume has also surpassed the average showcasing the recovery phase of AEHR share price.
Aehr stock price might rally above $40 within this week as says reports of analysts. Aehr share price needs to follow the upward trend by maintaining the current accumulation rate of buyers. Meanwhile, Aehr share price has recovered above 20, 50, 100 and 200-days Daily Moving Average. Support levels from below are $28.00, $20.00 and $17.00 while resistance might be situated near $40 for AEHR share price.
Will Aehr Stock Price Reach $40 Pricing?
Aehr stock price needs to continue this accumulation rate of buyers for AEHR to surge towards the $40. However, technical indicators suggest that AEHR share price has entered the overbought territory.
Relative Strength Index confirmed that AEHR share price is being overbought now. RSI is at 72 and is soaring towards extreme overbought territory. MACD exhibits the strong uptrend momentum of Aehr share price. The MACD line is way ahead of the signal line after a positive crossover. Investors in Aehr share price need to wait until the share price surges above $40 or for any directional change over the daily time frame chart.
Summary
Aehr stock price has been trading with strong uptrend momentum over the daily time frame chart. Aehr share price needs to follow the upward trend by maintaining the current accumulation rate of buyers. However, technical indicators suggest that AEHR share price has entered the overbought territory. The MACD line is way ahead of the signal line after a positive crossover. Investors in Aehr stock price need to wait until the share price surges above $40 or for any directional change over the daily time frame chart.
Technical Levels
Support Levels: $28.00 and $20.00
Resistance Levels: $35.00 and $40.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/23/aehr-test-systems-nasdaq-aehr-silicon-carbide-chips-throttles-aehr-stock-price-on-monday/