American Graphit Forecast and Stock Analysis
Technical AGIN stock analysis for March 22, 2019.
American Graphit gained 33.33% in the last trading day, rising from $0.00 to $0.00 The price has risen in 5 of the last 10 days . Volume fell in the last day by -276 000 shares, and in total, 35 000 shares bought and sold for approximately $140.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AGIN stock was $0.00. This is 33.33% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.00% from a day low at $0.00 to a day high of $0.00.
30 day high of the AGIN stock price was $0.00 and low was $0.00.
90 day high was $0.01 and low was $0.00.
52 week high for the American Graphit - $0.01 and low - $0.00.
American Graphit 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 -8.18% during the next 3 months and, with 90% probability hold a price between $0.00 and $0.00 at the end of this period.
American Graphit holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.00 and $0.00. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.00 and $0.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Graphit finds support just below today's level at $0.00. If this is broken, then the next support from accumulated volume will be at $0.00 and $0.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 21.79%.
Our recommended stoploss: $0.00 (-6.13%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 7 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.