Applied Genetic Technologies Corporation Forecast and Stock Analysis
Technical AGTC stock analysis for Friday June 14, 2019.
Applied Genetic Technologies Corporation gained 1.57% in the last trading day ( Friday, 14th Jun 2019 ), rising from $3.82 to $3.88 , 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. During day the stock fluctuated 2.09% from a day low at $3.82 to a day high of $3.90. The price has risen in 6 of the last 10 days and is up by 6.3% over the past 2 weeks. Volume fell in the last day by -22 244 shares, and in total, 14 580 shares bought and sold for approximately $56 570.40. 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 $4.10 and low was $3.54.
- 90 day high was $4.95 and low was $3.54.
- 52 week high for the Applied Genetic Technologies Corporation - $7.50 and low - $2.26.
Applied Genetic Technologies Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.84% during the next 3 months and, with 90% probability hold a price between $2.81 and $3.55 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 11, 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 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 $3.94. On a fall, the stock will find some support from the short-term average at $3.75. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Applied Genetic Technologies Corporation finds support from accumulated volume at $3.69.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $3.72 (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
4.98 %Average volatility
Very Low Low Medium High Very High
Applied Genetic Technologies Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|AGTC $3.88 ($0.06 1.57%)|
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