Agios Pharmaceuticals Stock Forecast

AGIO Signals & Forecast

The Agios Pharmaceuticals stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.64. On a fall, the stock will find some support from the long-term average at approximately $21.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, October 27, 2023, and so far it has risen 10.42%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Support, Risk & Stop-loss for Agios Pharmaceuticals stock

Agios Pharmaceuticals finds support from accumulated volume at $21.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.12 (5.06%) between high and low. For the last week, the stock has had daily average volatility of 3.56%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AGIO) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Agios Pharmaceuticals to open at $22.40, and during the day (based on 14 day Average True Range), to move between $21.12 and $22.98, which gives a possible trading interval of +/-$0.93 (+/-4.22%) up or down from last closing price. If Agios Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 8.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.49 (2.00%) than the support at $21.30 (3.40%), 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 Agios Pharmaceuticals stock A Buy?

Agios Pharmaceuticals holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.318 Open Broker Account

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