AngioDynamics Forecast and Stock Analysis
Technical ANGO stock analysis for April 25, 2019.
AngioDynamics fell by -1.36% in the last day from $20.64 to $20.36 The price has fallen in 7 of the last 10 days and is down by -11.13% for this period. Volume has increased in the last day by 28 509 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 186 440 shares bought and sold for approximately $3.80 million.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the ANGO stock was $20.36. This is 1.36% less than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 2.71% from a day low at $20.11 to a day high of $20.66.
30 day high of the ANGO stock price was $25.48 and low was $18.87.
90 day high was $25.48 and low was $18.87.
52 week high for the AngioDynamics - $25.48 and low - $18.11.
AngioDynamics is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $20.06 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect AngioDynamics with 90% probability to be traded between $20.05 and $24.99 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. AngioDynamics 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 $20.77 and $22.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 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.
Support & Resistance
AngioDynamics finds support from accumulated volume at $20.23.
This stock may move much during a 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 $0.55 between high and low, or 2.71%. For the last week, the stock has had a daily average volatility of 4.83%.
AngioDynamics is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
AngioDynamics holds several negative signals and is within a 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.
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|ANGO $20.36 ($-0.28 -1.36%)|
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