Angie Stock Forecast
Green day on Thursday for Angie
(Updated on Mar 28, 2024)
The Angie stock price gained 1.16% on the last trading day (Thursday, 28th Mar 2024), rising from $2.59 to $2.62. During the last trading day the stock fluctuated 2.72% from a day low at $2.57 to a day high of $2.64. The price has risen in 7 of the last 10 days and is up by 3.97% 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, 124 thousand more shares were traded than the day before. In total, 638 thousand shares were bought and sold for approximately $1.67 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.66% during the next 3 months and, with a 90% probability hold a price between $2.98 and $3.77 at the end of this 3-month period.
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ANGI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Angie 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 $2.65 and $2.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -12.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Angie stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.42 and $2.37. 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, Angie finds support just below today's level at $2.42. If this is broken, then the next support from accumulated volume will be at $2.37 and $2.31.
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 $0.0700 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 5.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Angie to open at $2.61, and during the day (based on 14 day Average True Range), to move between $2.47 and $2.77, which gives a possible trading interval of +/-$0.145 (+/-5.54%) up or down from last closing price. If Angie takes out the full calculated possible swing range there will be an estimated 11.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.68 (2.29%) than the support at $2.42 (7.63%), 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 Angie stock A Buy?
The Angie stock holds several negative signals and despite the positive trend, we believe Angie will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.626 Sell Candidate Unchanged
Predicted Opening Price for Angie of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$2.61 ( 0.382%) | $2.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.68 | 2.29 % | |
R2 | 2.65 | 1.27 % | ||
R1 | 2.64 | 0.639 % | ||
Current price: | 2.62 | |||
Support | S1 | 2.58 | -1.40 % | |
S2 | 2.57 | -2.03 % | ||
S3 | 2.54 | -3.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.89 | 10.31 % | |
R2 | 2.70 | 3.05 % | ||
R1 | 2.68 | 2.29 % | ||
Current price | 2.62 | |||
Support | S1 | 2.42 | -7.63% | |
S2 | 2.37 | -9.54% | ||
S3 | 2.31 | -11.83% |
FAQ
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