AGR.L Forecast and Technical Stock Analysis
Buy candidate since 2019-09-11 Gain 4.34% PDF
AGERE SYSTEMS INC gained 2.27% in the last trading day ( Friday, 20th Sep 2019 ), rising from £0.71 to £0.72 , and has now gained 5 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 2.27% from a day low at £0.71 to a day high of £0.72. The price has risen in 7 of the last 10 days and is up by 0.7% 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, 2.35 million more shares were traded than the day before. In total, 4.27 million shares bought and sold for approximately £3.08 million.
- 30 day high of the AGR.L stock price was £0.72 and low was £0.66.
- 90 day high was £0.72 and low was £0.63.
- 52 week high for AGERE SYSTEMS INC - £58.80 and low - £0.52.
AGERE SYSTEMS INC lies in the upper part of a strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £0.73 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.3% during the next 3 months and, with 90% probability hold a price between £0.75 and £0.81 at the end of this period.
Only positive signals in the chart today. AGERE SYSTEMS INC 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 £0.70 and £0.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 10, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 60 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AGERE SYSTEMS INC finds support from accumulated volume at £0.69.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.02 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: £0.69 (-4.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
1.73 %Average volatility
Very Low Low Medium High Very High
AGERE SYSTEMS INC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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!