Advantage Oil & Gas Ltd. Stock Forecast
Green day on Thursday for Advantage Oil & Gas Ltd.
(Updated on Apr 18, 2024)
The Advantage Oil & Gas Ltd. stock price gained 1.60% on the last trading day (Thursday, 18th Apr 2024), rising from $7.50 to $7.62. During the last trading day the stock fluctuated 0.641% from a day low at $7.57 to a day high of $7.62. The price has risen in 5 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $17.45 thousand. 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 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 16.43% during the next 3 months and, with a 90% probability hold a price between $8.43 and $9.70 at the end of this 3-month period.
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AAVVF Signals & Forecast
The Advantage Oil & Gas Ltd. 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 $7.60 and $7.43. 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). 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 Thursday, March 07, 2024, and so far it has fallen -2.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Advantage Oil & Gas Ltd. stock
Advantage Oil & Gas Ltd. finds support from accumulated volume at $7.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0485 between high and low, or 0.641%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $7.35 (-3.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (AAVVF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Advantage Oil & Gas Ltd. to open at $7.60, and during the day (based on 14 day Average True Range), to move between $7.45 and $7.79, which gives a possible trading interval of +/-$0.167 (+/-2.19%) 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 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.65 (0.39%) than the support at $7.32 (3.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Advantage Oil & Gas Ltd. will release earnings -- on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0667. We will update the financials statements for Advantage Oil & Gas Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.62% in the first trading day after earnings release.
Is Advantage Oil & Gas Ltd. 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 Advantage Oil & Gas Ltd. stock to perform well in the short-term.
Current score: 4.256 Buy Candidate Unchanged
Predicted Opening Price for Advantage Oil & Gas Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $7.60 ( 0.212%) | $7.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAVVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.65 | 0.424 % | |
| R2 | 7.63 | 0.181 % | ||
| R1 | 7.62 | 0.0310 % | ||
| Current price: | 7.62 | |||
| Support | S1 | 7.59 | -0.455 % | |
| S2 | 7.57 | -0.606 % | ||
| S3 | 7.56 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.69 | 0.92 % | |
| R2 | 7.66 | 0.525 % | ||
| R1 | 7.65 | 0.394 % | ||
| Current price | 7.62 | |||
| Support | S1 | 7.32 | -3.94% | |
| S2 | 7.31 | -4.13% | ||
| S3 | 7.13 | -6.43% |
AAVVF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 25, 2009 | Feb 25, 2009 | Feb 25, 2009 | $0.0320 | 1.43% |
| 2 | Jan 28, 2009 | Jan 28, 2009 | Jan 28, 2009 | $0.0650 | 1.53% |
| 3 | Jan 15, 2009 | Jan 15, 2009 | Jan 15, 2009 | $0.0650 | 1.56% |
| 4 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | $0.0670 | 1.71% |
| 5 | Nov 25, 2008 | Nov 25, 2008 | Nov 25, 2008 | $0.0950 | 2.03% |
FAQ
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