Agile Media Network Inc. Stock Forecast
Red day on Thursday for Agile Media Network Inc. stock after losing 3.48%
(Updated on May 23, 2024)
The Agile Media Network Inc. stock price fell by -3.48% on the last day (Thursday, 23rd May 2024) from JP¥115.00 to JP¥111.00. During the last trading day the stock fluctuated 4.50% from a day low at JP¥111.00 to a day high of JP¥116.00. The price has fallen in 6 of the last 10 days and is down by -17.16% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -233 thousand shares and in total, 630 thousand shares were bought and sold for approximately JP¥69.91 million.
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 -6.66% during the next 3 months and, with a 90% probability hold a price between JP¥72.52 and JP¥170.72 at the end of this 3-month period.
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6573.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Agile Media Network Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥115.57 and JP¥130.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Agile Media Network Inc. stock
Agile Media Network Inc. finds support from accumulated volume at JP¥109.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥5.00 between high and low, or 4.50%. For the last week, the stock has had daily average volatility of 9.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6573.T) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Agile Media Network Inc. to open at JP¥112.67, and during the day (based on 14 day Average True Range), to move between JP¥95.51 and JP¥126.49, which gives a possible trading interval of +/-JP¥15.49 (+/-13.96%) up or down from last closing price. If Agile Media Network Inc. takes out the full calculated possible swing range there will be an estimated 27.92% 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¥109.00 (1.80%) than the resistance at JP¥115.00 (3.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agile Media Network Inc. stock A Buy?
Agile Media Network Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.171 Sell Candidate Unchanged
Predicted Opening Price for Agile Media Network Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| JP¥112.67 ( 1.50%) | JP¥111.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6573.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.67 | 6.01 % | |
| R2 | 115.76 | 4.29 % | ||
| R1 | 114.58 | 3.22 % | ||
| Current price: | 111.00 | |||
| Support | S1 | 110.76 | -0.219 % | |
| S2 | 109.58 | -1.28 % | ||
| S3 | 107.67 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 138.00 | 24.32 % | |
| R2 | 135.00 | 21.62 % | ||
| R1 | 115.00 | 3.60 % | ||
| Current price | 111.00 | |||
| Support | S1 | 109.00 | -1.80% | |
| S2 | 95.00 | -14.41% | ||
| S3 | 93.00 | -16.22% |
FAQ
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