AGM Group Holdings Inc. Class A Stock Forecast
High volatility in AGM Group Holdings Inc. Class A stock price on Wednesday which ended trading at $1.06
(Updated on May 01, 2024)
The AGM Group Holdings Inc. Class A stock price gained 1.92% on the last trading day (Wednesday, 1st May 2024), rising from $1.04 to $1.06. During the last trading day the stock fluctuated 11.54% from a day low at $1.04 to a day high of $1.16. The price has fallen in 7 of the last 10 days and is down by -20.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 124 thousand shares were bought and sold for approximately $131.49 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.95 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.01% during the next 3 months and, with a 90% probability hold a price between $0.663 and $1.18 at the end of this 3-month period.
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AGMH Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. AGM Group Holdings Inc. Class A 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AGM Group Holdings Inc. Class A stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.52. On a fall, the stock will find some support from the short-term average at $1.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AGM Group Holdings Inc. Class A stock
AGM Group Holdings Inc. Class A finds support from accumulated volume at $1.05 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 $0.120 between high and low, or 11.54%. For the last week, the stock has had daily average volatility of 5.82%.
AGM Group Holdings Inc. Class A is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGMH) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect AGM Group Holdings Inc. Class A to open at $1.09, and during the day (based on 14 day Average True Range), to move between $0.94 and $1.18, which gives a possible trading interval of +/-$0.121 (+/-11.43%) up or down from last closing price. If AGM Group Holdings Inc. Class A takes out the full calculated possible swing range there will be an estimated 22.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.05 (0.94%) than the resistance at $1.08 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AGM Group Holdings Inc. Class A stock A Buy?
AGM Group Holdings Inc. Class A 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.
Current score: -2.312 Sell Candidate Unchanged
Predicted Opening Price for AGM Group Holdings Inc. Class A of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.09 ( 2.52%) | $1.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGMH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.21 | 13.84 % | |
| R2 | 1.16 | 9.51 % | ||
| R1 | 1.13 | 6.84 % | ||
| Current price: | 1.06 | |||
| Support | S1 | 1.04 | -1.81 % | |
| S2 | 1.01 | -4.48 % | ||
| S3 | 0.97 | -8.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1.11 | 4.72 % | ||
| R1 | 1.08 | 1.89 % | ||
| Current price | 1.06 | |||
| Support | S1 | 1.05 | -0.94% | |
| S2 | 1.04 | -1.89% | ||
| S3 | 1.03 | -2.83% |
FAQ
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