VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

AEGN Forecast and Technical Stock Analysis

Buy candidate since 2019-07-19

Aegion Corp gained 0.96% in the last trading day ( Friday, 19th Jul 2019 ), rising from $17.76 to $17.93 During day the stock fluctuated 1.86% from a day low at $17.71 to a day high of $18.04. The price has been going up and down for this period, and there has been a -1.59% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 8 825 more shares were traded than the day before. In total, 84 085 shares bought and sold for approximately $1.51 million.

Quick summary:

  • 30 day high of the AEGN stock price was $18.68 and low was $16.38.
  • 90 day high was $20.36 and low was $14.12.
  • 52 week high for the Aegion Corp - $25.83 and low - $14.12.
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Trend

Aegion Corp is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Aegion Corp with 90% probability to be traded between $14.43 and $20.17 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. Aegion Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $17.91 and $16.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

A buy signal from a double bottom formation was found on Thursday July 18, 2019 and based on theory for this formation the price should go up by 0.50% to $18.18 within 5 trading days since signal was issued (Thursday July 25, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 40 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Aegion Corp finds support from accumulated volume at $17.23.

Support: $17.23 Price: $17.93 Resistance: $18.40

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.33 (1.86%) between high and low. For the last week, the stock has had a daily average volatility of 2.81%.

Our recommended stoploss: $16.82 (-6.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

2.81 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today AEGN ranks #418 as BUY CANDIDATE #418 Stronger Buy

Will AEGN stock price go up or down on Mon, 22 Jul 2019?

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