AGF Management Limited 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
AGF Management Limited stock price down 0.324% on Friday
(Updated on May 17, 2024)
The AGF Management Limited stock price fell by -0.324% on the last day (Friday, 17th May 2024) from $6.17 to $6.15. During the last trading day the stock fluctuated 0% from a day low at $6.15 to a day high of $6.15. The price has been going up and down for this period, and there has been a 6.77% gain for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $10.46 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AGF Management Limited stock with a 90% probability to be traded between $5.79 and $6.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AGFMF Signals & Forecast
The AGF Management Limited 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 $6.09 and $5.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 8.08%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. AGF Management Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AGF Management Limited stock
AGF Management Limited finds support from accumulated volume at $6.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.532%.
Our recommended stop-loss: $5.88 (-4.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AGFMF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AGF Management Limited to open at $6.15, and during the day (based on 14 day Average True Range), to move between $6.10 and $6.20, which gives a possible trading interval of +/-$0.0492 (+/-0.80%) up or down from last closing price. If AGF Management Limited takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.17 (0.33%) than the support at $6.10 (0.81%), 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 AGF Management Limited stock A Buy?
AGF Management Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for AGF Management Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6.15 ( 0.00000000%) | $6.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGFMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.15 | 0.00000000 % | |
| R2 | 6.15 | 0.00000000 % | ||
| R1 | 6.15 | 0.00000000 % | ||
| Current price: | 6.15 | |||
| Support | S1 | 6.15 | 0.00000000 % | |
| S2 | 6.15 | 0.00000000 % | ||
| S3 | 6.15 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.57 | 6.83 % | |
| R2 | 6.19 | 0.650 % | ||
| R1 | 6.17 | 0.325 % | ||
| Current price | 6.15 | |||
| Support | S1 | 6.10 | -0.81% | |
| S2 | 5.66 | -7.97% | ||
| S3 | 5.56 | -9.59% |
AGFMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 10, 2024 | Apr 24, 2024 | $0.0849 | 1.49% |
| 2 | Jan 05, 2024 | Jan 05, 2024 | Jan 16, 2024 | $0 | 0% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 19, 2023 | $0.0830 | 1.44% |
| 4 | Apr 10, 2023 | Apr 10, 2023 | Apr 21, 2023 | $0.0810 | 1.39% |
| 5 | Jan 06, 2023 | Jan 06, 2023 | Jan 17, 2023 | $0.0740 | 1.31% |
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