Amplify Energy Corp Stock Forecast
Amplify Energy Corp stock price up 2.33% on Friday
(Updated on Apr 26, 2024)
The Amplify Energy Corp stock price gained 2.33% on the last trading day (Friday, 26th Apr 2024), rising from $7.29 to $7.46. During the last trading day the stock fluctuated 3.32% from a day low at $7.22 to a day high of $7.46. The price has fallen in 6 of the last 10 days but is still up by 5.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $2.39 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $7.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.78% during the next 3 months and, with a 90% probability hold a price between $7.27 and $9.32 at the end of this 3-month period.
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AMPY Signals & Forecast
The Amplify Energy Corp 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 $7.28 and $6.69. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 22, 2024, and so far it has fallen -0.533%. 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).
Support, Risk & Stop-loss for Amplify Energy Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.10 and $6.05. 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, Amplify Energy Corp finds support just below today's level at $6.10. If this is broken, then the next support from accumulated volume will be at $6.05 and $5.97.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.240 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: $7.17 (-3.91%) (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 (AMPY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Amplify Energy Corp to open at $7.38, and during the day (based on 14 day Average True Range), to move between $7.21 and $7.71, which gives a possible trading interval of +/-$0.255 (+/-3.42%) up or down from last closing price. If Amplify Energy Corp takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.50 (0.54%) than the support at $6.10 (18.23%), 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 Amplify Energy Corp 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 Amplify Energy Corp stock to perform well in the short-term.
Current score: 1.898 Buy Candidate Unchanged
Predicted Opening Price for Amplify Energy Corp of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$7.38 ( 1.07%) | $7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMPY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.62 | 2.14 % | |
R2 | 7.53 | 0.92 % | ||
R1 | 7.47 | 0.157 % | ||
Current price: | 7.46 | |||
Support | S1 | 7.29 | -2.30 % | |
S2 | 7.23 | -3.06 % | ||
S3 | 7.14 | -4.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 7.50 | 0.536 % | ||
Current price | 7.46 | |||
Support | S1 | 6.10 | -18.23% | |
S2 | 6.05 | -18.90% | ||
S3 | 5.97 | -19.97% |
AMPY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2020 | Mar 13, 2020 | Mar 30, 2020 | $0.100 | 18.87% |
2 | Nov 06, 2019 | Dec 03, 2019 | Dec 18, 2019 | $0.200 | 2.85% |
3 | Aug 23, 2019 | Sep 03, 2019 | Sep 18, 2019 | $0.200 | 3.10% |
FAQ
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