AFC Gamma, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for AFC Gamma, Inc. stock after gaining 0.0820%
(Updated on May 03, 2024)
The AFC Gamma, Inc. stock price gained 0.0820% on the last trading day (Friday, 3rd May 2024), rising from $12.20 to $12.21. During the last trading day the stock fluctuated 2.32% from a day low at $12.08 to a day high of $12.36. The price has risen in 6 of the last 10 days and is up by 4.81% 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, 13 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $1.01 million.
The stock lies in the middle of a wide and weak 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 4.77% during the next 3 months and, with a 90% probability hold a price between $12.02 and $14.01 at the end of this 3-month period.
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AFCG Signals & Forecast
Mostly positive signals in the chart today. The AFC Gamma, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.96 and $12.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AFC Gamma, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for AFC Gamma, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.33 and $11.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AFC Gamma, Inc. finds support just below today's level at $11.33. If this is broken, then the next support from accumulated volume will be at $11.22 and $11.20.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $11.67 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (AFCG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AFC Gamma, Inc. to open at $12.22, and during the day (based on 14 day Average True Range), to move between $11.93 and $12.49, which gives a possible trading interval of +/-$0.282 (+/-2.31%) up or down from last closing price. If AFC Gamma, Inc. takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.38 (1.39%) than the support at $11.33 (7.21%), 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
AFC Gamma, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.500. We will update the financials statements for AFC Gamma, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.93% in the first trading day after earnings release.
Is AFC Gamma, Inc. 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 AFC Gamma, Inc. stock to perform well in the short-term.
Current score: 3.455 Buy Candidate Unchanged
Predicted Opening Price for AFC Gamma, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.22 ( 0.0546%) | $12.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFCG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.50 | 2.35 % | |
| R2 | 12.39 | 1.47 % | ||
| R1 | 12.32 | 0.93 % | ||
| Current price: | 12.21 | |||
| Support | S1 | 12.11 | -0.82 % | |
| S2 | 12.04 | -1.36 % | ||
| S3 | 11.94 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 7.37 % | |
| R2 | 12.51 | 2.46 % | ||
| R1 | 12.38 | 1.39 % | ||
| Current price | 12.21 | |||
| Support | S1 | 11.33 | -7.21% | |
| S2 | 11.22 | -8.11% | ||
| S3 | 11.20 | -8.27% |
AFCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.480 | 4.14% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.480 | 3.99% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.480 | 4.20% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.480 | 3.78% |
| 5 | Mar 02, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.560 | 4.82% |
FAQ
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