Ainsworth Game Technology Limited Stock Forecast
Ainsworth Game Technology Limited stock price down 1.69% on Monday
(Updated on May 27, 2024)
The Ainsworth Game Technology Limited stock price fell by -1.69% on the last day (Monday, 27th May 2024) from $0.89 to $0.87. During the last trading day the stock fluctuated 0.575% from a day low at $0.87 to a day high of $0.88. The price has fallen in 7 of the last 10 days. 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 -15 thousand shares and in total, 39 thousand shares were bought and sold for approximately $34.35 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.82 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.74% during the next 3 months and, with a 90% probability hold a price between $0.639 and $0.90 at the end of this 3-month period.
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AGI.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ainsworth Game Technology Limited 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 $0.89 and $1.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ainsworth Game Technology Limited 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 may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0050 between high and low, or 0.575%. For the last week the stock has had daily average volatility of 3.09%.
Ainsworth Game Technology Limited is oversold on RSI14 (20). 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 (AGI.AX) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Ainsworth Game Technology Limited to open at $0.87, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.92, which gives a possible trading interval of +/-$0.0488 (+/-5.61%) up or down from last closing price. If Ainsworth Game Technology Limited takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.90, some $0.0250 (2.87%) from the current price of $0.87, our system finds the risk reward not very attractive.
Earnings coming up
Ainsworth Game Technology Limited will release earnings BMO on Wednesday, May 29, 2024. We will update the financials statements for Ainsworth Game Technology Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.89% in the first trading day after earnings release.
Is Ainsworth Game Technology Limited stock A Buy?
Ainsworth Game Technology Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.505 Sell Candidate Unchanged
Predicted Opening Price for Ainsworth Game Technology Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.87 ( 0.192%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 0.766 % | |
| R2 | 0.87 | 0.547 % | ||
| R1 | 0.87 | 0.411 % | ||
| Current price: | 0.87 | |||
| Support | S1 | 0.87 | -0.0280 % | |
| S2 | 0.87 | -0.164 % | ||
| S3 | 0.87 | -0.383 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.96 | 10.34 % | |
| R2 | 0.95 | 9.20 % | ||
| R1 | 0.90 | 2.87 % | ||
| Current price | 0.87 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2018 | Oct 04, 2018 | Nov 07, 2018 | $0.0250 | 2.43% |
| 2 | Feb 27, 2018 | Mar 05, 2018 | May 08, 2018 | $0.0150 | 1.32% |
| 3 | Aug 23, 2016 | Sep 30, 2016 | Nov 07, 2016 | $0.0500 | 2.75% |
| 4 | Feb 23, 2016 | Feb 26, 2016 | May 02, 2016 | $0.0500 | 2.19% |
| 5 | Aug 18, 2015 | Sep 08, 2015 | Sep 29, 2015 | $0.0500 | 1.84% |
FAQ
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