Weaker technical forecast for Agios Pharmaceuticals as stock downgraded to Sell Candidate.
(Updated on Dec 08, 2023)
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 -15.18% during the next 3 months and, with a 90% probability hold a price between $15.32 and $19.70 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.
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.
Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀
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 AccountSell Candidate Downgraded
Predicted Opening Price for Agios Pharmaceuticals of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
Remember To Visit Our YouTube Channel
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click here for our free guide on how to buy Agios Pharmaceuticals Stock.