American Graphit Stock Forecast

High volatility in American Graphit stock price on Monday which ended trading at $0.0037
(Updated on Apr 15, 2024)

AGIN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Graphit stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.0040 and $0.0041. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -28.35%. Further fall is indicated until a new bottom pivot has been found. American Graphit gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for American Graphit stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0029. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0007 between high and low, or 23.00%. For the last week, the stock has had daily average volatility of 18.93%.

Our recommended stop-loss: $0.0035 (-4.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AGIN) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect American Graphit to open at $0.0035, and during the day (based on 14 day Average True Range), to move between $0.0029 and $0.0045, which gives a possible trading interval of +/-$0.0008 (+/-21.63%) up or down from last closing price. If American Graphit takes out the full calculated possible swing range there will be an estimated 43.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0039 (5.69%) than the support at $0.0029 (21.41%), 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 American Graphit stock A Buy?

American Graphit holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for American Graphit of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.