American Graphit Stock Forecast
American Graphit stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The American Graphit stock price gained 4.17% on the last trading day (Friday, 26th Apr 2024), rising from $0.0038 to $0.0040. During the last trading day the stock fluctuated 0% from a day low at $0.0040 to a day high of $0.0040. The price has risen in 5 of the last 10 days but is still down by -0.87% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $80.00 .
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 -14.06% during the next 3 months and, with a 90% probability hold a price between $0.0022 and $0.0043 at the end of this 3-month period.
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AGIN Signals & Forecast
The American Graphit stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0036 and $0.0040. 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 33.33%. Further rise is indicated until a new top pivot has been found. American Graphit 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 25.00% to $0.0050 within 4 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for American Graphit stock
American Graphit finds support from accumulated volume at $0.0039 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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 5.21%.
Our recommended stop-loss: $0.0038 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AGIN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect American Graphit to open at $0.0040, and during the day (based on 14 day Average True Range), to move between $0.0034 and $0.0046, which gives a possible trading interval of +/-$0.0006 (+/-14.01%) up or down from last closing price. If American Graphit takes out the full calculated possible swing range there will be an estimated 28.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0039 (1.50%) than the resistance at $0.0041 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Graphit stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.880 Buy Candidate Upgraded
Predicted Opening Price for American Graphit of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0040 ( 0%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0040 | . | |
| R2 | 0.0040 | . | ||
| R1 | 0.0040 | . | ||
| Current price: | 0.0040 | |||
| Support | S1 | 0.0040 | . | |
| S2 | 0.0040 | . | ||
| S3 | 0.0040 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 17.50 % | |
| R2 | 0.0044 | 9.25 % | ||
| R1 | 0.0041 | 2.50 % | ||
| Current price | 0.0040 | |||
| Support | S1 | 0.0039 | -1.50% | |
| S2 | 0.0039 | -2.50% | ||
| S3 | 0.0037 | -7.50% |
FAQ
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