RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ANGO
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AngioDynamics stock price up more than 5.56% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 5.56% PDF

The AngioDynamics stock price gained 5.56% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.40 to $5.70. During the last trading day the stock fluctuated 4.77% from a day low at $5.45 to a day high of $5.71. The price has been going up and down for this period, and there has been a 2.52% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 359 thousand shares were bought and sold for approximately $2.05 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.05% during the next 3 months and, with a 90% probability hold a price between $4.23 and $5.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ANGO Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 8.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AngioDynamics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.73. On a fall, the stock will find some support from the short-term average at $5.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for AngioDynamics stock

AngioDynamics finds support from accumulated volume at $5.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.260 (4.77%) between high and low. For the last week, the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: $5.50 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (ANGO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AngioDynamics to open at $5.62, and during the day (based on 14 day Average True Range), to move between $5.46 and $5.94, which gives a possible trading interval of +/-$0.236 (+/-4.14%) up or down from last closing price. If AngioDynamics takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.50 (3.51%) than the resistance at $5.94 (4.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AngioDynamics stock A Buy?

AngioDynamics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.154 Hold/Accumulate Unchanged

Predicted Opening Price for AngioDynamics of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.62 ( 1.40%) $5.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ANGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.88 3.16 %
R2 5.78 1.42 %
R1 5.72 0.339 %
Current price: 5.70
Support S1 5.52 -3.15 %
S2 5.46 -4.22 %
S3 5.36 -5.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.21 8.95 %
R2 5.99 5.09 %
R1 5.94 4.21 %
Current price 5.70
Support S1 5.50 -3.51%
S2 5.49 -3.68%
S3 5.37 -5.79%

FAQ

What is the symbol for AngioDynamics Stock and on which exchange is it traded?
The symbol for AngioDynamics is ANGO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AngioDynamics Stock?
AngioDynamics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy AngioDynamics Stock?
AngioDynamics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AngioDynamics Stock.

What's the current price of AngioDynamics Stock?
As of the end of day on the 2024-03-27, the price of an AngioDynamics (ANGO) share was $5.70.

What is the 52-week high and low for AngioDynamics Stock?
The 52-week high for AngioDynamics Stock is $12.62 and the 52-week low is $5.26.

What is the market capitalization of AngioDynamics Stock?
As of the 2024-03-27, the market capitalization of AngioDynamics is 227.175M.

When is the next earnings date for AngioDynamics?
The upcoming earnings date for AngioDynamics is Apr 04, 2024.
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About AngioDynamics

AngioDynamics AngioDynamics, Inc. designs, manufactures, and sells various medical, surgical, and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and vascular access; and for use in oncology and surgical settings in the United States and internationally. The company provides NanoKnife ablation systems for the surgical ablation of soft tissues; solero microwave tissue ablation systems; and radiofrequ... ANGO Profile

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