Aegean Marine Petroleum Network Inc Fund Forecast

Aegean Marine Petroleum Network Inc fund price ended at $0.0440 on Friday, after losing 0%.
(Updated on Dec 21, 2018)

ANW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aegean Marine Petroleum Network Inc fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.0440 and $0.137. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 20, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aegean Marine Petroleum Network Inc fund

Aegean Marine Petroleum Network Inc finds support from accumulated volume at $0.0433 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

The Aegean Marine Petroleum Network Inc fund is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some funds may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the fund manages to break the trend before that occurs.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ANW) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Aegean Marine Petroleum Network Inc to open at $0.0440, and during the day (based on 14 day Average True Range), to move between $0.0219 and $0.0661, which gives a possible trading interval of +/-$0.0221 (+/-50.24%) up or down from last closing price. If Aegean Marine Petroleum Network Inc takes out the full calculated possible swing range there will be an estimated 100.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0433 (1.59%) than the resistance at $0.0481 (9.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aegean Marine Petroleum Network Inc fund A Buy?

Aegean Marine Petroleum Network Inc 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 fund.

Current score: -6.240 Strong Sell Candidate Unchanged

Predicted Opening Price for Aegean Marine Petroleum Network Inc of Monday, December 24, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.