Alamos Gold Inc Stock Forecast
Alamos Gold Inc stock price up 2.47% on Tuesday
(Updated on Apr 23, 2024)
The Alamos Gold Inc stock price gained 2.47% on the last trading day (Tuesday, 23rd Apr 2024), rising from $14.76 to $15.13. During the last trading day the stock fluctuated 3.55% from a day low at $14.64 to a day high of $15.16. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 181 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $45.80 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.33% during the next 3 months and, with a 90% probability hold a price between $18.42 and $21.00 at the end of this 3-month period.
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AGI Signals & Forecast
The Alamos Gold Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $15.01 and $14.26. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -1.59%. 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). The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Alamos Gold Inc stock
Alamos Gold Inc finds support from accumulated volume at $15.06 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 $0.520 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: $14.47 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (AGI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Alamos Gold Inc to open at $14.98, and during the day (based on 14 day Average True Range), to move between $14.63 and $15.62, which gives a possible trading interval of +/-$0.498 (+/-3.29%) up or down from last closing price. If Alamos Gold Inc takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.16 (0.23%) than the support at $15.06 (0.43%), 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.
Earnings coming up
Alamos Gold Inc will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for Alamos Gold Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.21% in the first trading day after earnings release.
Is Alamos Gold Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alamos Gold Inc stock to perform well in the short-term.
Current score: 3.591 Buy Candidate Unchanged
Predicted Opening Price for Alamos Gold Inc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$14.98 ( 0.99%) | $15.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.50 | 2.45 % | |
R2 | 15.30 | 1.13 % | ||
R1 | 15.17 | 0.322 % | ||
Current price: | 15.13 | |||
Support | S1 | 14.78 | -2.31 % | |
S2 | 14.65 | -3.12 % | ||
S3 | 14.46 | -4.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.37 | 1.62 % | |
R2 | 15.21 | 0.562 % | ||
R1 | 15.16 | 0.231 % | ||
Current price | 15.13 | |||
Support | S1 | 15.06 | -0.430% | |
S2 | 14.55 | -3.80% | ||
S3 | 12.31 | -18.61% |
AGI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0250 | 0.169% |
2 | Nov 22, 2023 | Dec 05, 2023 | Dec 20, 2023 | $0.0250 | 0.182% |
3 | Aug 31, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.0300 | 0.262% |
4 | Jun 05, 2023 | Jun 14, 2023 | Jun 29, 2023 | $0.0250 | 0.213% |
5 | Mar 02, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.0250 | 0.204% |
FAQ
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