Angie Stock Forecast
Angie stock price up 2.45% on Tuesday
(Updated on Apr 23, 2024)
The Angie stock price gained 2.45% on the last trading day (Tuesday, 23rd Apr 2024), rising from $2.04 to $2.09. During the last trading day the stock fluctuated 7.30% from a day low at $1.99 to a day high of $2.13. The price has fallen in 5 of the last 10 days and is down by -9.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 262 thousand more shares were traded than the day before. In total, 759 thousand shares were bought and sold for approximately $1.59 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.20% during the next 3 months and, with a 90% probability hold a price between $1.72 and $2.36 at the end of this 3-month period.
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ANGI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.98%. Further rise is indicated 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. The Angie stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.42. On a fall, the stock will find some support from the short-term average at $2.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Angie stock
Angie finds support from accumulated volume at $2.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.145 between high and low, or 7.30%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Angie to open at $2.07, and during the day (based on 14 day Average True Range), to move between $1.97 and $2.21, which gives a possible trading interval of +/-$0.116 (+/-5.56%) up or down from last closing price. If Angie takes out the full calculated possible swing range there will be an estimated 11.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.07 (0.96%) than the resistance at $2.29 (9.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Angie stock A Buy?
Angie 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.
Current score: -3.374 Sell Candidate Unchanged
Predicted Opening Price for Angie of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $2.07 ( 1.04%) | $2.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.21 | 5.90 % | |
| R2 | 2.16 | 3.25 % | ||
| R1 | 2.12 | 1.61 % | ||
| Current price: | 2.09 | |||
| Support | S1 | 2.01 | -3.69 % | |
| S2 | 1.98 | -5.32 % | ||
| S3 | 1.92 | -7.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.37 | 13.40 % | |
| R2 | 2.30 | 10.05 % | ||
| R1 | 2.29 | 9.57 % | ||
| Current price | 2.09 | |||
| Support | S1 | 2.07 | -0.96% | |
| S2 | 2.05 | -1.91% | ||
| S3 | 2.01 | -3.83% |
FAQ
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