Aegion Corp Forecast and Stock Analysis
Technical AEGN stock analysis for March 22, 2019.
Aegion Corp fell by -2.11% in the last day from $17.05 to $16.69 The price has risen in 5 of the last 10 days , but is still down by -0.24% for this period. Volume has increased in the last day by 52 648 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 202 752 shares bought and sold for approximately $3.38 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AEGN stock was $16.69. This is 2.11% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.24% from a day low at $16.69 to a day high of $17.23.
30 day high of the AEGN stock price was $21.11 and low was $16.60.
90 day high was $21.11 and low was $15.18.
52 week high for the Aegion Corp - $26.80 and low - $15.12.
Aegion Corp has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $17.94. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Aegion Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $17.01 and $18.40. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 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.
Support & Resistance
Aegion Corp finds support from accumulated volume at $16.10.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.54 between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 2.89%.
Aegion Corp is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Aegion Corp stock holds several negative signals and despite the positive trend we believe Aegion Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.