Agilyx AS Stock Forecast

Agilyx AS stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)

AGLX.OL Signals & Forecast

The Agilyx AS stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr29.65 and kr29.65. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -5.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Agilyx AS stock

Agilyx AS finds support from accumulated volume at kr29.55 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0.350 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 2.15%

Our recommended stop-loss: kr27.85 (-6.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (AGLX.OL) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Agilyx AS to open at kr29.63, and during the day (based on 14 day Average True Range), to move between kr28.82 and kr30.48, which gives a possible trading interval of +/-kr0.83 (+/-2.78%) up or down from last closing price. If Agilyx AS takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr29.55 (0.34%) than the resistance at kr29.85 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Agilyx AS stock A Buy?

Agilyx AS 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. 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 Hold/Accumulate candidate.

Current score: 0.631 Hold/Accumulate Downgraded

Predicted Opening Price for Agilyx AS of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.