AMERIGO RESOURCES Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AMERIGO RESOURCES stock price up 2.81% on Thursday
(Updated on Apr 18, 2024)
The AMERIGO RESOURCES stock price gained 2.81% on the last trading day (Thursday, 18th Apr 2024), rising from $1.25 to $1.28. During the last trading day the stock fluctuated 3.15% from a day low at $1.27 to a day high of $1.31. The price has risen in 7 of the last 10 days and is up by 9.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately $95.83 thousand.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.20, a level that may pose a second chance to hit a runner. According to fan-theory $1.33 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ARREF Signals & Forecast
The AMERIGO RESOURCES stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.25 and $1.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 36.16%. Further rise is indicated until a new top pivot has been found. AMERIGO RESOURCES has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for AMERIGO RESOURCES stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.10 and $1.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AMERIGO RESOURCES finds support just below today's level at $1.10. If this is broken, then the next support from accumulated volume will be at $1.00 and $0.97.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0400 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: $1.23 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (ARREF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect AMERIGO RESOURCES to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.24 and $1.32, which gives a possible trading interval of +/-$0.0434 (+/-3.39%) up or down from last closing price. If AMERIGO RESOURCES takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.10, some $0.180 (14.06%) from the current price of $1.28, our system finds the risk reward attractive.
Is AMERIGO RESOURCES stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for AMERIGO RESOURCES stock to perform well in the short-term period.
Current score: 3.931 Buy Candidate Unchanged
Predicted Opening Price for AMERIGO RESOURCES of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.29 ( 0.521%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARREF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.33 | 3.65 % | |
| R2 | 1.31 | 2.45 % | ||
| R1 | 1.30 | 1.71 % | ||
| Current price: | 1.28 | |||
| Support | S1 | 1.27 | -0.673 % | |
| S2 | 1.26 | -1.41 % | ||
| S3 | 1.25 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.28 | |||
| Support | S1 | 1.10 | -14.06% | |
| S2 | 1.00 | -21.88% | ||
| S3 | 0.97 | -24.22% |
ARREF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.0222 | 2.00% |
| 2 | Oct 30, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0200 | 2.00% |
| 3 | Aug 24, 2023 | Aug 29, 2023 | Sep 20, 2023 | $0.0225 | 2.26% |
| 4 | May 23, 2023 | May 30, 2023 | Jun 20, 2023 | $0.0220 | 1.85% |
| 5 | May 03, 2023 | May 26, 2023 | Jun 20, 2023 | $0.0220 | 1.85% |
FAQ
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