Ainsworth Game Technology 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
Ainsworth Game Technology Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Ainsworth Game Technology Limited stock price gained 2.27% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.88 to $0.90. During the last trading day the stock fluctuated 4.55% from a day low at $0.88 to a day high of $0.92. The price has fallen in 5 of the last 10 days but is still up by 0.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 70 thousand shares were bought and sold for approximately $63.23 thousand.
The stock lies the upper part of a very wide and falling 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 $0.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -34.46% during the next 3 months and, with a 90% probability hold a price between $0.409 and $0.603 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AGI.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 3.45%. 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). Ainsworth Game Technology Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 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 $0.91. On a fall, the stock will find some support from the short-term average at $0.88. 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.
Support, Risk & Stop-loss for Ainsworth Game Technology Limited stock
Ainsworth Game Technology Limited finds support from accumulated volume at $0.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0400 between high and low, or 4.55%. For the last week the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $0.86 (-3.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (AGI.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ainsworth Game Technology Limited to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.86 and $0.94, which gives a possible trading interval of +/-$0.0350 (+/-3.89%) 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 7.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.90 (0.56%) than the resistance at $0.93 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ainsworth Game Technology Limited stock A Buy?
Ainsworth Game Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.202 Hold/Accumulate Upgraded
Predicted Opening Price for Ainsworth Game Technology Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.90 ( 0%) | $0.90 |
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 | |
|---|---|---|
| R3 | 0.94 | 4.44% |
| R2 | 0.92 | 2.75% |
| R1 | 0.92 | 1.70% |
| Price | 0.90 | |
| S1 | 0.88 | -1.70% |
| S2 | 0.88 | -2.75% |
| S3 | 0.86 | -4.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.96 | 6.67% |
| R2 | 0.95 | 5.56% |
| R1 | 0.93 | 2.78% |
| Price | 0.90 | |
| S1 | 0.90 | -0.556% |
| S2 | 0.89 | -1.11% |
| S3 | 0.89 | -1.67% |
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
Click here for our free guide on how to buy Ainsworth Game Technology Limited Stock.
