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% PDF
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|
Remember To Visit Our YouTube Channel
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%.
ANGO Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.