American Graphit Stock Forecast

American Graphit stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)

AGIN Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated 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. The American Graphit stock 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 $0.0037 and $0.0040. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 66.67% to $0.0050 within 4 trading days since signal was issued (Monday, April 22, 2024).

Support, Risk & Stop-loss for American Graphit stock

American Graphit finds support from accumulated volume at $0.0029 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.60%.

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

Trading Expectations (AGIN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect American Graphit to open at $0.0030, and during the day (based on 14 day Average True Range), to move between $0.0023 and $0.0037, which gives a possible trading interval of +/-$0.0007 (+/-23.18%) up or down from last closing price. If American Graphit takes out the full calculated possible swing range there will be an estimated 46.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0029 (3.33%) than the resistance at $0.0037 (23.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Graphit stock A Buy?

American Graphit 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.460 Strong Sell Candidate Downgraded

Predicted Opening Price for American Graphit of Monday, April 22, 2024

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