agilon health, inc. Stock Forecast
A very strong day for agilon health, inc. stock price on Thursday
(Updated on Mar 28, 2024)
The agilon health, inc. stock price gained 6.46% on the last trading day (Thursday, 28th Mar 2024), rising from $5.73 to $6.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.03% from a day low at $5.65 to a day high of $6.16. The price has risen in 7 of the last 10 days and is up by 16.63% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $28.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -32.14% during the next 3 months and, with a 90% probability hold a price between $3.09 and $5.99 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.
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AGL Signals & Forecast
Mostly positive signals in the chart today. The agilon health, inc. 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 $5.34 and $6.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 28.15%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for agilon health, inc. stock
agilon health, inc. finds support from accumulated volume at $5.96 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.510 between high and low, or 9.03%. For the last week, the stock has had daily average volatility of 10.28%.
Our recommended stop-loss: $5.89 (-3.44%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AGL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect agilon health, inc. to open at $5.97, and during the day (based on 14 day Average True Range), to move between $5.66 and $6.54, which gives a possible trading interval of +/-$0.444 (+/-7.28%) up or down from last closing price. If agilon health, inc. takes out the full calculated possible swing range there will be an estimated 14.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.13 (0.49%) than the support at $5.96 (2.30%), 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 agilon health, inc. 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 Hold/Accumulate to a Buy candidate.
Current score: 1.869 Buy Candidate Upgraded
Predicted Opening Price for agilon health, inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.97 ( 2.13%) | $6.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.48 | 6.23 % | |
R2 | 6.29 | 3.04 % | ||
R1 | 6.16 | 1.06 % | ||
Current price: | 6.10 | |||
Support | S1 | 5.78 | -5.32 % | |
S2 | 5.65 | -7.30 % | ||
S3 | 5.46 | -10.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.48 | 6.23 % | |
R2 | 6.36 | 4.26 % | ||
R1 | 6.13 | 0.492 % | ||
Current price | 6.10 | |||
Support | S1 | 5.96 | -2.30% | |
S2 | 5.80 | -4.92% | ||
S3 | 5.77 | -5.41% |
AGL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 04, 2011 | Nov 16, 2011 | Dec 01, 2011 | $0.450 | 0% |
2 | Aug 03, 2011 | Aug 17, 2011 | Sep 01, 2011 | $0.450 | 0% |
3 | May 05, 2011 | May 11, 2011 | Jun 01, 2011 | $0.450 | 0% |
4 | Feb 10, 2011 | Feb 16, 2011 | Mar 01, 2011 | $0.450 | 0% |
5 | Oct 28, 2010 | Nov 17, 2010 | Dec 01, 2010 | $0.440 | 0% |
FAQ
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