Big movements in Agile Therapeutics stock price on Friday moving 13.04% between high and low
(Updated on Sep 30, 2022)
Sell candidate since 2022-08-10 Loss -53.21% PDF
The Agile Therapeutics stock price gained 4.47% on the last trading day (Friday, 30th Sep 2022), rising from $0.28 to $0.30. During the last trading day the stock fluctuated 13.04% from a day low at $0.28 to a day high of $0.32. The price has fallen in 6 of the last 10 days and is down by -20.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 395 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $321.95 thousand.
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 -45.98% during the next 3 months and, with a 90% probability hold a price between $0.13 and $0.24 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.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, September 23, 2022, and so far it has risen 6.72%. Further rise is indicated until a new top pivot has been found. Agile Therapeutics 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 Agile Therapeutics 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 $0.40. On a fall, the stock will find some support from the short-term average at $0.29. 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
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 $0.0368 between high and low, or 13.04%. For the last week, the stock has had daily average volatility of 9.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Agile Therapeutics to open at $0.30, and during the day (based on 14 day Average True Range), to move between $0.26 and $0.33, which gives a possible trading interval of +/-$0.0337 (+/-11.34%) up or down from last closing price. If Agile Therapeutics takes out the full calculated possible swing range there will be an estimated 22.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.30 (1.99%) than the support at $0.28 (4.28%), 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 Agile Therapeutics stock A Buy?
Agile Therapeutics 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: -2.368Sell Candidate Unchanged
Predicted Opening Price for Agile Therapeutics of Monday, October 3, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price October 3, 2022||Current price|
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About Agile Therapeutics
Agile Therapeutics, Inc., a women's healthcare company, researches, develops, and commercializes prescription contraceptive products for women in the United States. Its lead product is Twirla, also known as AG200-15, a once-weekly prescription combination hormonal contraceptive patch. The company is also developing a pipeline of Twirla line extensions and other products, including AG200-15 Extended Regimen (ER), a regimen that allows a woman to h... AGRX Profile
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