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RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AGBA
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High volatility in Agba Acquisition Ltd stock price on Thursday which ended trading at $2.78
(Updated on Jun 20, 2024)

Sell candidate since Jun 17, 2024 Loss -5.12% PDF

The Agba Acquisition Ltd stock price fell by -1.07% on the last day (Thursday, 20th Jun 2024) from $2.81 to $2.78. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 15.10% from a day low at $2.45 to a day high of $2.82. The price has fallen in 7 of the last 10 days and is down by -16.52% 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 -738 thousand shares and in total, 607 thousand shares were bought and sold for approximately $1.69 million.

Given the current short-term trend, the stock is expected to rise 154.05% during the next 3 months and, with a 90% probability hold a price between $7.06 and $14.58 at the end of this 3-month period.

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AGBA Signals & Forecast

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. The Agba Acquisition 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 $3.06 and $3.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -30.50%. Further fall is indicated until a new bottom pivot has been found. 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 Agba Acquisition Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.50 and $2.45. 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, Agba Acquisition Ltd finds support just below today's level at $2.50. If this is broken, then the next support from accumulated volume will be at $2.45 and $2.24.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.370 between high and low, or 15.10%. For the last week, the stock has had daily average volatility of 11.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AGBA) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Agba Acquisition Ltd to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.35 and $3.21, which gives a possible trading interval of +/-$0.425 (+/-15.29%) up or down from last closing price. If Agba Acquisition Ltd takes out the full calculated possible swing range there will be an estimated 30.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.83 (1.80%) than the support at $2.50 (10.07%), 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.

Is Agba Acquisition Ltd stock A Buy?

The Agba Acquisition Ltd stock holds several negative signals and despite the positive trend, we believe Agba Acquisition Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.392 Sell Candidate Upgraded

Predicted Opening Price for Agba Acquisition Ltd of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$2.68 ( 3.48%) $2.78

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AGBA

Fibonacci Support & Resistance Levels

Level Price
R3 3.05 9.83%
R2 2.91 4.75%
R1 2.82 1.61%
Price 2.78
S1 2.54 -8.56%
S2 2.45 -11.70%
S3 2.31 -16.79%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.12 12.23%
R2 2.97 6.83%
R1 2.83 1.80%
Price 2.78
S1 2.50 -10.07%
S2 2.45 -11.87%
S3 2.24 -19.42%

FAQ

What is the symbol for Agba Acquisition Ltd Stock and on which exchange is it traded?
The symbol for Agba Acquisition Ltd is AGBA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Agba Acquisition Ltd Stock?
The Agba Acquisition Ltd stock holds several negative signals and despite the positive trend, we believe Agba Acquisition Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Agba Acquisition Ltd Stock?
Agba Acquisition Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Agba Acquisition Ltd Stock.

What's the current price of Agba Acquisition Ltd Stock?
As of the end of day on the Jun 20, 2024, the price of an Agba Acquisition Ltd (AGBA) share was $2.78.

What is the 52-week high and low for Agba Acquisition Ltd Stock?
The 52-week high for Agba Acquisition Ltd Stock is $4.29 and the 52-week low is $0.320.

What is the market capitalization of Agba Acquisition Ltd Stock?
As of the Jun 20, 2024, the market capitalization of Agba Acquisition Ltd is 227.239M.

When is the next earnings date for Agba Acquisition Ltd?
The upcoming earnings date for Agba Acquisition Ltd is Aug 09, 2024.
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About Agba Acquisition Ltd

AGBA Acquisition Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the healthcare, education, entertainment, and financial services sectors in China. The company was incorporated in 2018 and is based in Tsim Sha Tsui, Hong Kong.... AGBA Profile

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