AngloGold Ashanti Limited Stock Forecast
Red day on Wednesday for AngloGold Ashanti Limited
(Updated on Apr 24, 2024)
The AngloGold Ashanti Limited stock price fell by -0.86% on the last day (Wednesday, 24th Apr 2024) from $22.11 to $21.92. During the last trading day the stock fluctuated 1.68% from a day low at $21.66 to a day high of $22.03. The price has fallen in 6 of the last 10 days and is down by -4.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -572 thousand shares and in total, 2 million shares were bought and sold for approximately $36.66 million.
Given the current short-term trend, the stock is expected to rise 41.52% during the next 3 months and, with a 90% probability hold a price between $31.02 and $35.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AU Signals & Forecast
There are few to no technical positive signals at the moment. The AngloGold Ashanti Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.96 and $22.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.65%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AngloGold Ashanti Limited stock
AngloGold Ashanti Limited finds support from accumulated volume at $21.63 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 $0.364 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AU) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AngloGold Ashanti Limited to open at $21.87, and during the day (based on 14 day Average True Range), to move between $20.97 and $22.87, which gives a possible trading interval of +/-$0.95 (+/-4.33%) up or down from last closing price. If AngloGold Ashanti Limited takes out the full calculated possible swing range there will be an estimated 8.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.03 (0.50%) than the support at $21.63 (1.32%), 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 AngloGold Ashanti Limited stock A Buy?
The AngloGold Ashanti Limited stock holds several negative signals and despite the positive trend, we believe AngloGold Ashanti Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.567 Sell Candidate Unchanged
Predicted Opening Price for AngloGold Ashanti Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $21.87 ( 0.235%) | $21.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.23 | 1.43 % | |
| R2 | 22.09 | 0.792 % | ||
| R1 | 22.01 | 0.400 % | ||
| Current price: | 21.92 | |||
| Support | S1 | 21.73 | -0.87 % | |
| S2 | 21.64 | -1.26 % | ||
| S3 | 21.50 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.85 | 8.80 % | |
| R2 | 22.17 | 1.14 % | ||
| R1 | 22.03 | 0.502 % | ||
| Current price | 21.92 | |||
| Support | S1 | 21.63 | -1.32% | |
| S2 | 21.11 | -3.70% | ||
| S3 | 18.33 | -16.38% |
AU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0732 | 0.330% |
| 2 | Feb 23, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.190 | 0.86% |
| 3 | Aug 14, 2023 | Aug 24, 2023 | Sep 18, 2023 | $0.0367 | 0.203% |
| 4 | Feb 22, 2023 | Mar 16, 2023 | Apr 10, 2023 | $0.177 | 0.664% |
| 5 | Aug 08, 2022 | Aug 25, 2022 | Sep 19, 2022 | $0.294 | 2.25% |
FAQ
Click here for our free guide on how to buy AngloGold Ashanti Limited Stock.
