Agenus Inc. Stock Forecast
Big movements in Agenus Inc. stock price on Thursday moving 17.64% between high and low
(Updated on Apr 25, 2024)
The Agenus Inc. stock price gained 11.86% on the last trading day (Thursday, 25th Apr 2024), rising from $7.42 to $8.30. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.64% from a day low at $7.20 to a day high of $8.47. The price has risen in 6 of the last 10 days and is up by 1771.48% over the past 2 weeks. Volume fell on the last day by -307 thousand shares and in total, 956 thousand shares were bought and sold for approximately $7.93 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $8.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 101.93% during the next 3 months and, with a 90% probability hold a price between $2.34 and $17.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AGEN Signals & Forecast
Mostly positive signals in the chart today. The Agenus Inc. 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 $6.23 and $2.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 67.00%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Agenus Inc. stock
Agenus Inc. finds support from accumulated volume at $8.15 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 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 $1.27 between high and low, or 17.64%. For the last week, the stock has had daily average volatility of 22.13%.
The Agenus Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $8.05 (-2.96%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (AGEN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Agenus Inc. to open at $7.99, and during the day (based on 14 day Average True Range), to move between $7.30 and $9.30, which gives a possible trading interval of +/-$1.00 (+/-12.06%) up or down from last closing price. If Agenus Inc. takes out the full calculated possible swing range there will be an estimated 24.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.15, some $0.150 (1.81%) from the current price of $8.30, our system finds the risk reward attractive.
Is Agenus Inc. stock A Buy?
Agenus Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.374 Strong Buy Candidate Unchanged
Predicted Opening Price for Agenus Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.99 ( 3.73%) | $8.30 |
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 | 9.26 | 11.57 % | |
| R2 | 8.77 | 5.72 % | ||
| R1 | 8.48 | 2.11 % | ||
| Current price: | 8.30 | |||
| Support | S1 | 7.50 | -9.58 % | |
| S2 | 7.21 | -13.19 % | ||
| S3 | 6.72 | -19.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.30 | |||
| Support | S1 | 8.15 | -1.81% | |
| S2 | 6.50 | -21.69% | ||
| S3 | 6.46 | -22.17% |
FAQ
Click here for our free guide on how to buy Agenus Inc. Stock.
