AGIO Forecast and Technical Stock Analysis
Hold candidate since 2019-12-04 Gain 16.00% PDF
Agios Pharmaceuticals gained 2.19% in the last trading day ( Friday, 13th Dec 2019 ), rising from $45.70 to $46.70 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.82% from a day low at $45.03 to a day high of $46.75. The price has risen in 7 of the last 10 days and is up by 20.05% over the past 2 weeks. Volume fell in the last day by -172 342 shares and in total, 618 556 shares bought and sold for approximately $28.89 million. 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.
- 30 day high of the AGIO stock price was $47.43 and low was $33.15.
- 90 day high was $47.43 and low was $28.36.
- 52 week high for Agios Pharmaceuticals - $68.94 and low - $28.36.
Agios Pharmaceuticals has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $40.92, a level that may pose a second chance to hit a runner. According to fan-theory $48.24 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Agios Pharmaceuticals 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 $43.39 and $36.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 11, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 89 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $41.97 and $40.26.
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, Agios Pharmaceuticals finds support just below today's level at $41.97. If this is broken, then the next support from accumulated volume will be at $40.26 and $36.14.
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 $1.72 between high and low, or 3.82%. For the last week, the stock has had a daily average volatility of 6.61%.
The stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $45.01 (-3.62%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from pivot bottom found 23 days ago.)
6.61 %Average volatility
Very Low Low Medium High Very High
Agios Pharmaceuticals holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.
|AGIO $46.70 ($1.00 2.19%)|
AGIO is up $1.00 today, but where's it headed in 2020?
|Zacks Investment Research is releasing its prediction for AGIO based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the AGIO analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!