AngioDynamics Stock Forecast
Big movements in AngioDynamics stock price on Friday moving 11.81% between high and low
(Updated on Apr 26, 2024)
The AngioDynamics stock price gained 0.519% on the last trading day (Friday, 26th Apr 2024), rising from $5.78 to $5.81. During the last trading day the stock fluctuated 11.81% from a day low at $5.76 to a day high of $6.44. The price has fallen in 6 of the last 10 days and is down by -8.79% for this period. Volume fell on the last day by -51 thousand shares and in total, 310 thousand shares were bought and sold for approximately $1.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.50% during the next 3 months and, with a 90% probability hold a price between $5.63 and $7.42 at the end of this 3-month period.
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ANGO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.519%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AngioDynamics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.02 and $5.97. 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).
Support, Risk & Stop-loss for AngioDynamics stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.50 and $5.49. 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, AngioDynamics finds support just below today's level at $5.50. If this is broken, then the next support from accumulated volume will be at $5.49 and $5.37.
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 $0.680 between high and low, or 11.81%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AngioDynamics to open at $6.00, and during the day (based on 14 day Average True Range), to move between $5.47 and $6.15, which gives a possible trading interval of +/-$0.336 (+/-5.78%) up or down from last closing price. If AngioDynamics takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.50 (5.34%) than the resistance at $6.19 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AngioDynamics stock A Buy?
The AngioDynamics stock holds several negative signals and despite the positive trend, we believe AngioDynamics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.821 Sell Candidate Unchanged
Predicted Opening Price for AngioDynamics of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $6.00 ( 3.33%) | $5.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.68 | 15.03 % | |
| R2 | 6.42 | 10.56 % | ||
| R1 | 6.26 | 7.80 % | ||
| Current price: | 5.81 | |||
| Support | S1 | 5.74 | -1.14 % | |
| S2 | 5.58 | -3.91 % | ||
| S3 | 5.32 | -8.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.03 | 21.00 % | |
| R2 | 6.40 | 10.15 % | ||
| R1 | 6.19 | 6.54 % | ||
| Current price | 5.81 | |||
| Support | S1 | 5.50 | -5.34% | |
| S2 | 5.49 | -5.51% | ||
| S3 | 5.37 | -7.57% |
FAQ
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