Bullish vs. Bearish (2 opinions)
Social Sentiment 0.00
AGTC Forecast and Technical Stock Analysis
Sell candidate since 2019-08-12 Loss -13.59%
Applied Genetic Technologies Corporation gained 3.25% in the last trading day ( Monday, 19th Aug 2019 ), rising from $3.08 to $3.18 , 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 4.85% from a day low at $3.09 to a day high of $3.24. The price has fallen in 7 of the last 10 days and is down by -18.67% for this period. Volume fell in the last day by -20 557 shares and in total, 158 018 shares bought and sold for approximately $502 497.00. 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 AGTC stock price was $4.19 and low was $2.75.
- 90 day high was $4.19 and low was $2.75.
- 52 week high for Applied Genetic Technologies Corporation - $7.50 and low - $2.26.
Applied Genetic Technologies Corporation lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $3.00 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.16% during the next 3 months and, with 90% probability hold a price between $2.93 and $3.95 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Applied Genetic Technologies Corporation 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 $3.39 and $3.75. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Applied Genetic Technologies Corporation finds support from accumulated volume at $3.08.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.15 between high and low, or 4.85%. For the last week the stock has had a daily average volatility of 13.51%.
Applied Genetic Technologies Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
13.51 %Average volatility
Very Low Low Medium High Very High
Applied Genetic Technologies Corporation holds several negative signals and is within a very wide 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.
|AGTC $3.18 ($0.10 3.25%)|
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