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$26.67 (-2.02%)

Volume: 188k

Closed: Nov 29, 2021

Hollow Logo Score: -2.159

AngioDynamics Stock Forecast

$26.67 (-2.02%)

Volume: 188k

Closed: Nov 29, 2021

Score Hollow Logo -2.159
Which way will ANGO go? Request
Key Stats
P/E Ratio -30.09
Beta 1.24
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The AngioDynamics stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

AngioDynamics stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-24 Loss -7.56%

The AngioDynamics stock price fell by -2.02% on the last day (Monday, 29th Nov 2021) from $27.22 to $26.67. and has now fallen 3 days in a row. During the day the stock fluctuated 6.76% from a day low at $26.57 to a day high of $28.37. The price has fallen in 8 of the last 10 days and is down by -10.32% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 188 thousand shares were bought and sold for approximately $5.01 million.

The stock lies in the lower part of a 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 $25.46 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 11.03% during the next 3 months and, with a 90% probability hold a price between $28.27 and $35.22 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The AngioDynamics 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 $28.10 and $28.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -13.88%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

AngioDynamics finds support from accumulated volume at $25.94 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.80 between high and low, or 6.76%. For the last week, the stock has had a daily average volatility of 4.93%.

AngioDynamics is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is AngioDynamics stock A Buy?

The AngioDynamics stock holds several negative signals and despite the positive trend, we believe AngioDynamics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.159

Predicted Opening Price for AngioDynamics of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$27.20 $26.67 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 15, 2021 "Canaccord Genuity" gave "$28.00 - $37.00" rating for ANGO. The price target was changed from $25.76 to 0.7%.

Volatility and Risk
Daily Average Volatility: 4.93 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.93 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $27.10
Price: $26.67
Support: $25.94

ANGO Insider Trading Show all Trades

INSIDER POWER

2.417

Last 100 transactions
Buy: 580 840 | Sell: 240 317 (Shares)
Date Action Amount Person Type
Oct 31, 2021 Sell 953 Centea Scott Common Stock
Oct 20, 2021 Sell 3 494 Helsel Dave Common Stock
Oct 15, 2021 Sell 12 000 Centea Scott Non-Qualified Stock Option (right to buy)
Oct 15, 2021 Sell 12 000 Centea Scott Common Stock
Oct 15, 2021 Buy 12 000 Centea Scott Common Stock
Show all Insider Trades
INSIDER POWER

2.417

Last 100 transactions
Buy: 580 840 | Sell: 240 317 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 29.00 8.72 %
28.31 6.15 %
27.89 4.56 %
Current price: 26.67
Support 26.52 -0.58 %
26.09 -2.17 %
25.41 -4.74 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.37 2.62 %
27.29 2.32 %
27.10 1.61 %
Current price 26.67
Support 25.94 -2.74%
25.31 -5.10%
24.08 -9.71%

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About AngioDynamics

AngioDynamics AngioDynamics, Inc. designs, manufactures, and sells various medical, surgical, and diagnostic devices for vascular access, surgery, peripheral vascular disease, and oncology in the United States and internationally. The company provides manifolds, contrast management systems, closed fluid systems, guidewires, disposable transducers, and interventional accessories that help clinicians in the diagnosis and treatment of cardiovascular and periphera... Read more

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