Advantage Oil & Gas Ltd. Stock Forecast
Red day on Tuesday for Advantage Oil & Gas Ltd.
(Updated on Jul 02, 2024)
The Advantage Oil & Gas Ltd. stock price fell by -0.193% on the last day (Tuesday, 2nd Jul 2024) from $10.38 to $10.36. During the last trading day the stock fluctuated 3.42% from a day low at $10.24 to a day high of $10.59. The price has been going up and down for this period, and there has been a 1.87% gain for the last 2 weeks. 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 -693 thousand shares and in total, 546 thousand shares were bought and sold for approximately $5.66 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.93% during the next 3 months and, with a 90% probability hold a price between $10.65 and $12.29 at the end of this 3-month period.
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AAV.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.87%. 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 Advantage Oil & Gas Ltd. 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 $10.44 and $10.91. 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 Advantage Oil & Gas Ltd. stock
Advantage Oil & Gas Ltd. finds support from accumulated volume at $10.29 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 $0.350 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: $9.73 (-6.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (AAV.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Advantage Oil & Gas Ltd. to open at $10.40, and during the day (based on 14 day Average True Range), to move between $10.03 and $10.69, which gives a possible trading interval of +/-$0.331 (+/-3.20%) up or down from last closing price. If Advantage Oil & Gas Ltd. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.29 (0.68%) than the resistance at $10.65 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advantage Oil & Gas Ltd. stock A Buy?
Advantage Oil & Gas Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.968 Hold/Accumulate Unchanged
Predicted Opening Price for Advantage Oil & Gas Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.40 ( 0.354%) | $10.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAV.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.75 | 3.73% |
| R2 | 10.61 | 2.44% |
| R1 | 10.53 | 1.64% |
| Price | 10.36 | |
| S1 | 10.26 | -0.94% |
| S2 | 10.18 | -1.73% |
| S3 | 10.05 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.29 | 8.98% |
| R2 | 10.85 | 4.73% |
| R1 | 10.65 | 2.80% |
| Price | 10.36 | |
| S1 | 10.29 | -0.676% |
| S2 | 10.22 | -1.35% |
| S3 | 10.17 | -1.83% |
AAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2009 | Feb 25, 2009 | Mar 16, 2009 | $0.0400 | 0% |
| 2 | Jan 20, 2009 | Jan 28, 2009 | Feb 17, 2009 | $0.0800 | 0% |
| 3 | Dec 18, 2008 | Dec 29, 2008 | Jan 15, 2009 | $0.0800 | 0% |
| 4 | Nov 18, 2008 | Nov 26, 2008 | Dec 15, 2008 | $0.120 | 0% |
| 5 | Oct 21, 2008 | Oct 29, 2008 | Nov 17, 2008 | $0.120 | 0% |
FAQ
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