Red day on Friday for Agile Therapeutics
(Updated on Dec 08, 2023)
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The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.74% during the next 3 months and, with a 90% probability hold a price between $2.02 and $2.95 at the end of this 3-month period.
AGRX Signals & Forecast
The Agile Therapeutics 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 $2.27 and $2.04. 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 Monday, December 04, 2023, and so far it has fallen -6.88%. 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. The very low volume increases the risk and reduces the other technical signals issued.
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Support, Risk & Stop-loss for Agile Therapeutics stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.06 and $2.02. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agile Therapeutics finds support just below today's level at $2.06. If this is broken, then the next support from accumulated volume will be at $2.02 and $1.90.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.165 between high and low, or 7.33%. For the last week the stock has had daily average volatility of 14.50%.
Our recommended stop-loss: $2.17 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AGRX) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Agile Therapeutics to open at $2.32, and during the day (based on 14 day Average True Range), to move between $2.09 and $2.51, which gives a possible trading interval of +/-$0.210 (+/-9.13%) up or down from last closing price. If Agile Therapeutics takes out the full calculated possible swing range there will be an estimated 18.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.40 (4.35%) than the support at $2.06 (10.43%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Agile Therapeutics stock to perform well in the short-term.
Current score: 3.561 Open Broker AccountBuy Candidate Unchanged
Predicted Opening Price for Agile Therapeutics 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|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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