Alamos Gold Inc Stock Forecast
Alamos Gold Inc stock price ended at $15.30 on Friday, after gaining 2.14%.
(Updated on Apr 26, 2024)
The Alamos Gold Inc stock price gained 2.14% on the last trading day (Friday, 26th Apr 2024), rising from $14.98 to $15.30. During the last trading day the stock fluctuated 2.59% from a day low at $14.96 to a day high of $15.35. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $30.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.84% during the next 3 months and, with a 90% probability hold a price between $19.05 and $21.54 at the end of this 3-month period.
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AGI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -0.455%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Alamos Gold Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.10 and $14.43. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Alamos Gold Inc stock
Alamos Gold Inc finds support from accumulated volume at $14.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.388 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: $14.77 (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AGI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Alamos Gold Inc to open at $15.20, and during the day (based on 14 day Average True Range), to move between $14.78 and $15.82, which gives a possible trading interval of +/-$0.521 (+/-3.40%) up or down from last closing price. If Alamos Gold Inc takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.37 (0.46%) than the support at $14.98 (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alamos Gold Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alamos Gold Inc stock to perform well in the short-term.
Current score: 1.570 Buy Candidate Unchanged
Predicted Opening Price for Alamos Gold Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.20 ( 0.627%) | $15.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.59 | 1.91 % | |
| R2 | 15.44 | 0.94 % | ||
| R1 | 15.35 | 0.341 % | ||
| Current price: | 15.30 | |||
| Support | S1 | 15.06 | -1.59 % | |
| S2 | 14.96 | -2.19 % | ||
| S3 | 14.82 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.37 | 0.458 % | ||
| Current price | 15.30 | |||
| Support | S1 | 14.98 | -2.09% | |
| S2 | 14.55 | -4.90% | ||
| S3 | 12.31 | -19.54% |
AGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0250 | 0.169% |
| 2 | Nov 22, 2023 | Dec 05, 2023 | Dec 20, 2023 | $0.0250 | 0.182% |
| 3 | Aug 31, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.0300 | 0.262% |
| 4 | Jun 05, 2023 | Jun 14, 2023 | Jun 29, 2023 | $0.0250 | 0.213% |
| 5 | Mar 02, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.0250 | 0.204% |
FAQ
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