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Angie stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Dec 17, 2021)
The Angie stock price gained 4.59% on the last trading day (Friday, 17th Dec 2021), rising from $9.15 to $9.57. During the day the stock fluctuated 8.24% from a day low at $8.86 to a day high of $9.59. The price has risen in 6 of the last 10 days and is up by 9.12% 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, 349 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $12.99 million.
The stock lies in the middle of a very wide and 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 -29.21% during the next 3 months and, with a 90% probability hold a price between $5.73 and $7.35 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.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 9.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Angie 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 $10.27. On a fall, the stock will find some support from the short-term average at $9.41. 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.
Support, Risk & Stop-loss
Angie finds support from accumulated volume at $9.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.73 between high and low, or 8.24%. For the last week, the stock has had a daily average volatility of 5.85%.
Our recommended stop-loss: $9.17 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Is Angie stock A Buy?
Angie holds several positive signals, but we still don’t find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.595
Insiders are very positive buying more shares than they are selling in Angie
In the last 100 trades there were 9.57 million shares bought and 1.15 million shares sold. The last trade was done 5 days ago by Hicks Bowman Angela R. who sold 10 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Angie of Monday, December 20, 2021
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.
Fair opening price December 20, 2021
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