Agave USD Stock Forecast
Agave USD stock price ended at $51.43 on Friday, after losing 0.332%.
(Updated on Jun 28, 2024)
The Agave USD stock price fell by -0.332% on the last day (Friday, 28th Jun 2024) from $51.60 to $51.43. During the last trading day the stock fluctuated 1.11% from a day low at $51.43 to a day high of $52.00. The price has been going up and down for this period, and there has been a -5.77% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -49 shares and in total, 116 shares were bought and sold for approximately $5.97 thousand.
The stock lies in the middle of a very wide and strong 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 11.37% during the next 3 months and, with a 90% probability hold a price between $52.51 and $74.26 at the end of this 3-month period.
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AGVEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Agave USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $52.77 and $57.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 25, 2024, and so far it has fallen -19.81%. 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.
Support, Risk & Stop-loss for Agave USD stock
Agave USD finds support from accumulated volume at $51.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.570 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGVEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Agave USD to open at $51.62, and during the day (based on 14 day Average True Range), to move between $49.45 and $53.42, which gives a possible trading interval of +/-$1.99 (+/-3.86%) up or down from last closing price. If Agave USD takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.34 (0.18%) than the resistance at $57.69 (12.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agave USD stock A Buy?
The Agave USD stock holds several negative signals and despite the positive trend, we believe Agave USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.651 Sell Candidate Unchanged
Predicted Opening Price for Agave USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$51.62 ( 0.369%) | $51.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGVEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.19 | 1.48% |
R2 | 51.97 | 1.05% |
R1 | 51.84 | 0.793% |
Price | 51.43 | |
S1 | 51.40 | -0.0539% |
S2 | 51.27 | -0.316% |
S3 | 51.05 | -0.739% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 59.35 | 15.39% |
R2 | 58.81 | 14.35% |
R1 | 57.69 | 12.18% |
Price | 51.43 | |
S1 | 51.34 | -0.179% |
S2 | 46.95 | -8.71% |
S3 | 43.80 | -14.84% |
FAQ
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