Agios Pharmaceuticals Stock Forecast
On Tuesday, Agios Pharmaceuticals stock price gained an impressive 5.30%
(Updated on Apr 23, 2024)
The Agios Pharmaceuticals stock price gained 5.30% on the last trading day (Tuesday, 23rd Apr 2024), rising from $30.21 to $31.81. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.62% from a day low at $30.40 to a day high of $33.02. The price has risen in 7 of the last 10 days and is up by 7.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 401 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $38.96 million.
The stock lies in the middle of a very 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 19.42% during the next 3 months and, with a 90% probability hold a price between $33.22 and $46.31 at the end of this 3-month period.
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AGIO Signals & Forecast
The Agios Pharmaceuticals 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 $29.72 and $29.72. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -8.62%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Agios Pharmaceuticals stock
Agios Pharmaceuticals finds support from accumulated volume at $31.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.62 between high and low, or 8.62%. For the last week, the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: $30.02 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (AGIO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Agios Pharmaceuticals to open at $31.74, and during the day (based on 14 day Average True Range), to move between $30.53 and $33.09, which gives a possible trading interval of +/-$1.28 (+/-4.01%) up or down from last closing price. If Agios Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.79 (0.06%) than the resistance at $32.87 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agios Pharmaceuticals 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 Agios Pharmaceuticals stock to perform well in the short-term.
Current score: 3.630 Buy Candidate Unchanged
Predicted Opening Price for Agios Pharmaceuticals of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $31.74 ( 0.210%) | $31.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.36 | 8.03 % | |
| R2 | 33.36 | 4.88 % | ||
| R1 | 32.74 | 2.94 % | ||
| Current price: | 31.81 | |||
| Support | S1 | 30.74 | -3.36 % | |
| S2 | 30.12 | -5.30 % | ||
| S3 | 29.12 | -8.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.81 | 9.43 % | |
| R2 | 32.99 | 3.71 % | ||
| R1 | 32.87 | 3.33 % | ||
| Current price | 31.81 | |||
| Support | S1 | 31.79 | -0.0629% | |
| S2 | 29.94 | -5.88% | ||
| S3 | 26.80 | -15.75% |
FAQ
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