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AI Analysis of AGR.L
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AGERE SYSTEMS INC stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)

Sell candidate since Apr 24, 2024 PDF

The AGERE SYSTEMS INC stock price fell by -2.15% on the last day (Wednesday, 24th Apr 2024) from £41.80 to £40.90. During the last trading day the stock fluctuated 3.79% from a day low at £40.60 to a day high of £42.14. The price has risen in 6 of the last 10 days but is still down by -1.21% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 million shares and in total, 7 million shares were bought and sold for approximately £279.54 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.41% during the next 3 months and, with a 90% probability hold a price between £37.23 and £39.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AGR.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.10%. 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 AGERE SYSTEMS INC 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 £41.49. On a fall, the stock will find some support from the short-term average at £40.87. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for AGERE SYSTEMS INC stock

AGERE SYSTEMS INC finds support from accumulated volume at £40.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.54 between high and low, or 3.79%. For the last week the stock has had daily average volatility of 2.58%.

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

Trading Expectations (AGR.L) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect AGERE SYSTEMS INC to open at £41.21, and during the day (based on 14 day Average True Range), to move between £39.84 and £41.96, which gives a possible trading interval of +/-£1.06 (+/-2.58%) up or down from last closing price. If AGERE SYSTEMS INC takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £40.56 (0.83%) than the resistance at £41.50 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AGERE SYSTEMS INC stock A Buy?

AGERE SYSTEMS INC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.059 Sell Candidate Downgraded

Predicted Opening Price for AGERE SYSTEMS INC of Thursday, April 25, 2024

Fair opening price April 25, 2024 Current price
£41.21 ( 0.766%) £40.90

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

Trading levels for AGR.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.75 4.53 %
R2 42.17 3.09 %
R1 41.80 2.20 %
Current price: 40.90
Support S1 40.63 -0.672 %
S2 40.26 -1.56 %
S3 39.67 -3.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.08 2.89 %
R2 41.90 2.44 %
R1 41.50 1.47 %
Current price 40.90
Support S1 40.56 -0.83%
S2 40.20 -1.71%
S3 40.06 -2.05%

AGR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Apr 10, 2024 £0.82 1.98%
2 Dec 07, 2023 Dec 07, 2023 Dec 07, 2023 £0 0%
3 Jun 07, 2023 Jun 07, 2023 Jun 07, 2023 £0.82 1.63%
4 Mar 02, 2023 Mar 09, 2023 Apr 12, 2023 £0.780 1.49%
5 Dec 01, 2022 Dec 08, 2022 Jan 11, 2023 £0.780 1.37%

FAQ

What is the symbol for AGERE SYSTEMS INC Stock and on which exchange is it traded?
The symbol for AGERE SYSTEMS INC is AGR.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell AGERE SYSTEMS INC Stock?
AGERE SYSTEMS INC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy AGERE SYSTEMS INC Stock?
AGERE SYSTEMS INC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AGERE SYSTEMS INC Stock.

What's the current price of AGERE SYSTEMS INC Stock?
As of the end of day on the Apr 24, 2024, the price of an AGERE SYSTEMS INC (AGR.L) share was £40.90.

What is the 52-week high and low for AGERE SYSTEMS INC Stock?
The 52-week high for AGERE SYSTEMS INC Stock is £53.00 and the 52-week low is £38.38.

What is the market capitalization of AGERE SYSTEMS INC Stock?
As of the Apr 24, 2024, the market capitalization of AGERE SYSTEMS INC is 1.256B.

When is the next earnings date for AGERE SYSTEMS INC?
The upcoming earnings date for AGERE SYSTEMS INC is May 15, 2024.
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About AGERE SYSTEMS INC

AGERE SYSTEMS INC Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The company, headquartered in Warrington, works with GPs, health professionals and the NHS to create outstanding spaces for health services in our communities. At 30 September 2020, Assura's property portfolio was valued at £2,259 million.... AGR.L Profile

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