American Capital Agency Corp. Forecast and Stock Analysis
Technical AGNCB stock analysis for February 15, 2019.
American Capital Agency Corp. gained 0.35% in the last trading day, rising from $25.53 to $25.62 , and has now gained 4 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. The price has risen in 6 of the last 10 days and is up by 1.22% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 9 067 more shares were traded than the day before. In total, 17 465 shares bought and sold for approximately $447 453.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AGNCB stock was $25.62. This is 0.35% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.67% from a day low at $25.45 to a day high of $25.62.
30 day high of the AGNCB stock price was $25.62 and low was $25.05.
90 day high was $25.72 and low was $24.99.
52 week high for the American Capital Agency Corp. - $26.47 and low - $24.99.
Given the current horizontal trend you can expect American Capital Agency Corp. with 90% probability to be traded between $24.72 and $25.38 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.
Only positive signals in the chart today. American Capital Agency Corp. 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 $25.49 and $25.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 11, 2019, which indicates further gains until a new top pivot has been found. American Capital Agency Corp. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
* 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
American Capital Agency Corp. finds support from accumulated volume at $25.13.
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 $0.17 (0.67%) between high and low. For the last week, the stock has had a daily average volatility of 0.36%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trendposition increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $24.22 (-5.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 71 and this increases the risk substantially. There is a buy signal from pivot bottom found 24 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and 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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.