AGERE SYSTEMS INC Forecast and Stock Analysis
Technical AGR.L stock analysis for March 15, 2019.
|Shorts||7.08% ( 2019-02-28 )|
AGERE SYSTEMS INC gained 0.53% in the last trading day, rising from £57.00 to £57.30 The price has been going up and down for this period, and there has been a -0.69% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.49 million more shares were traded than the day before. In total, 8.74 million shares bought and sold for approximately £500.79 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the AGR.L stock was £57.30. This is 0.53% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.76% from a day low at £56.90 to a day high of £57.90.
30 day high of the AGR.L stock price was £59.70 and low was £56.30.
90 day high was £60.50 and low was £52.50.
52 week high for the AGERE SYSTEMS INC - £62.30 and low - £52.40.
AGERE SYSTEMS INC lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £56.89 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.63% during the next 3 months and, with 90% probability hold a price between £62.37 and £68.57 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 08, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. AGERE SYSTEMS INC holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £58.13. On a fall, the stock will find some support from the short-term average at £57.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
* 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)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
AGERE SYSTEMS INC finds support from accumulated volume at £57.00.
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 £1.00 (1.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
AGERE SYSTEMS INC holds several negative signals and we believe that 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.