AGS Corporation Stock Forecast

A very red day for AGS Corporation stock price after a -5.40% fall in the Friday trading session
(Updated on Apr 26, 2024)

3648.T Signals & Forecast

The AGS Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,176.57. On a fall, the stock will find some support from the long-term average at approximately JP¥970.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, April 17, 2024, and so far it has fallen -26.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, August 24, 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 AGS Corporation stock

AGS Corporation finds support from accumulated volume at JP¥1,067.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥69.00 between high and low, or 6.46%. For the last week, the stock has had daily average volatility of 6.56%.

Our recommended stop-loss: JP¥1,017.47 (-4.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (3648.T) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect AGS Corporation to open at JP¥1,091.33, and during the day (based on 14 day Average True Range), to move between JP¥981.17 and JP¥1,156.83, which gives a possible trading interval of +/-JP¥87.83 (+/-8.22%) up or down from last closing price. If AGS Corporation takes out the full calculated possible swing range there will be an estimated 16.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at JP¥1,067.00 (0.19%) than the resistance at JP¥1,124.00 (5.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AGS Corporation 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 AGS Corporation stock to perform well in the short-term.

Current score: 2.627 Buy Candidate Unchanged

Predicted Opening Price for AGS Corporation of Tuesday, April 30, 2024

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