Allied Gaming & Entertainment 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
Red day on Monday for Allied Gaming & Entertainment Inc. stock after losing 0%
(Updated on May 20, 2024)
No changes to the price of Allied Gaming & Entertainment Inc. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 6.11% from a day low at $0.750 to a day high of $0.796. The price has fallen in 6 of the last 10 days and is down by -6.33% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.766 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.61% during the next 3 months and, with a 90% probability hold a price between $0.616 and $0.751 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AGAE Signals & Forecast
There are mixed signals in the stock today. The Allied Gaming & Entertainment 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 $0.781 and $0.85. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Allied Gaming & Entertainment Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0458 between high and low, or 6.11%. For the last week, the stock has had daily average volatility of 4.91%.
Allied Gaming & Entertainment Inc. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGAE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Allied Gaming & Entertainment Inc. to open at $0.772, and during the day (based on 14 day Average True Range), to move between $0.726 and $0.81, which gives a possible trading interval of +/-$0.0441 (+/-5.73%) up or down from last closing price. If Allied Gaming & Entertainment Inc. takes out the full calculated possible swing range there will be an estimated 11.46% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.90, some $0.130 (16.90%) from the current price of $0.770, our system finds the risk reward not very attractive.
Is Allied Gaming & Entertainment Inc. stock A Buy?
Allied Gaming & Entertainment Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.134 Sell Candidate Unchanged
Predicted Opening Price for Allied Gaming & Entertainment Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.772 ( 0.251%) | $0.770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGAE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 6.20 % | |
| R2 | 0.80 | 3.93 % | ||
| R1 | 0.789 | 2.52 % | ||
| Current price: | 0.770 | |||
| Support | S1 | 0.754 | -2.02 % | |
| S2 | 0.744 | -3.42 % | ||
| S3 | 0.726 | -5.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.96 | 24.03 % | |
| R2 | 0.94 | 22.08 % | ||
| R1 | 0.90 | 16.90 % | ||
| Current price | 0.770 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Allied Gaming & Entertainment Inc. Stock.
