Agape Atp Corporation Common Stock Stock Forecast
Evaluation of Agape Atp Corporation Common Stock stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Agape Atp Corporation Common Stock stock price gained 0.0455% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.220 to $0.220. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.55% from a day low at $0.220 to a day high of $0.230. The price has been going up and down for this period, and there has been a -9.05% loss for the last 2 weeks. Volume fell on the last day by -91 thousand shares and in total, 40 thousand shares were bought and sold for approximately $8.75 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.92% during the next 3 months and, with a 90% probability hold a price between $0.143 and $0.238 at the end of this 3-month period.
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ATPC Signals & Forecast
There are few to no technical positive signals at the moment. The Agape Atp Corporation Common Stock 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 $0.220 and $0.246. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -29.00%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Agape Atp Corporation Common Stock stock
Agape Atp Corporation Common Stock finds support from accumulated volume at $0.220 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 4.55%. For the last week the stock has had daily average volatility of 6.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATPC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Agape Atp Corporation Common Stock to open at $0.223, and during the day (based on 14 day Average True Range), to move between $0.196 and $0.245, which gives a possible trading interval of +/-$0.0245 (+/-11.12%) up or down from last closing price. If Agape Atp Corporation Common Stock takes out the full calculated possible swing range there will be an estimated 22.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.220 (0.05%) than the resistance at $0.240 (9.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Agape Atp Corporation Common Stock stock A Buy?
Agape Atp Corporation Common Stock holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -5.009 Strong Sell Candidate Downgraded
Predicted Opening Price for Agape Atp Corporation Common Stock of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.223 ( 1.48%) | $0.220 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATPC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.233 | 6.03% |
| R2 | 0.230 | 4.29% |
| R1 | 0.227 | 3.22% |
| Price | 0.220 | |
| S1 | 0.220 | -0.251% |
| S2 | 0.217 | -1.32% |
| S3 | 0.213 | -3.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.260 | 18.22% |
| R2 | 0.248 | 12.54% |
| R1 | 0.240 | 9.04% |
| Price | 0.220 | |
| S1 | 0.220 | -0.0454% |
| S2 | 0.219 | -0.500% |
| S3 | 0.213 | -3.23% |
FAQ
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