American Capital Agency Corp. Forecast and Stock Analysis
Technical AGNC stock analysis for February 21, 2019.
American Capital Agency Corp. fell by -0.34% in the last day from $17.67 to $17.61 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -1.34% for this period. Volume has increased in the last day by 0.39 million 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, 6.20 million shares bought and sold for approximately $109.21 million.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the AGNC stock was $17.61. This is 0.34% less than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 0.63% from a day low at $17.56 to a day high of $17.67.
30 day high of the AGNC stock price was $18.15 and low was $17.56.
90 day high was $18.15 and low was $16.96.
52 week high for the American Capital Agency Corp. - $19.72 and low - $16.96.
Given the current horizontal trend you can expect American Capital Agency Corp. with 90% probability to be traded between $17.52 and $18.34 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. American Capital Agency 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 $17.69 and $17.86. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 25, 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)
RSI14 is 30 and the stock is currently not being overbought or oversold
Support & Resistance
American Capital Agency Corp. finds support from accumulated volume at $17.54.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.11 (0.63%) between high and low. For the last week, the stock has had a daily average volatility of 0.69%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
American Capital Agency Corp. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.