Agenus Inc. Stock Forecast
Green day on Thursday for Agenus Inc. stock after gaining 4.24%
(Updated on Mar 28, 2024)
The Agenus Inc. stock price gained 4.24% on the last trading day (Thursday, 28th Mar 2024), rising from $0.556 to $0.580. During the last trading day the stock fluctuated 5.34% from a day low at $0.551 to a day high of $0.580. The price has been going up and down for this period, and there has been a -3.28% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $2.99 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.67% during the next 3 months and, with a 90% probability hold a price between $0.404 and $0.756 at the end of this 3-month period.
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AGEN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.50%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Agenus Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.659. On a fall, the stock will find some support from the short-term average at $0.556. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Agenus Inc. stock
Agenus Inc. finds support from accumulated volume at $0.563 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0294 between high and low, or 5.34%. For the last week, the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGEN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Agenus Inc. to open at $0.570, and during the day (based on 14 day Average True Range), to move between $0.522 and $0.638, which gives a possible trading interval of +/-$0.0583 (+/-10.05%) up or down from last closing price. If Agenus Inc. takes out the full calculated possible swing range there will be an estimated 20.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.563 (3.00%) than the resistance at $0.654 (12.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agenus Inc. stock A Buy?
Agenus 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: -2.130 Sell Candidate Unchanged
Predicted Opening Price for Agenus Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.570 ( 1.69%) | $0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGEN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.600 | 3.38 % | |
R2 | 0.588 | 1.44 % | ||
R1 | 0.581 | 0.247 % | ||
Current price: | 0.580 | |||
Support | S1 | 0.559 | -3.63 % | |
S2 | 0.552 | -4.82 % | ||
S3 | 0.541 | -6.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.682 | 17.60 % | |
R2 | 0.668 | 15.24 % | ||
R1 | 0.654 | 12.72 % | ||
Current price | 0.580 | |||
Support | S1 | 0.563 | -3.00% | |
S2 | 0.540 | -6.90% | ||
S3 | 0.530 | -8.67% |
FAQ
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