Alamos Gold Inc. (AGI)

Alamos Gold stock forecast: buy or sell

Alamos Gold stock outlook

  • Alamos Gold closed on Friday at $10.24 (-2.29%) prior to presenting financial results at
  • Alamos Gold released its financial report on July 29
  • Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America.
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Important note:
The opinions expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the particular situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative purposes only

Alamos Gold stock chart overview

Should I buy Alamos Gold stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is AGI stock a buy?

Currently, Alamos Gold stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean AGI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Alamos Gold stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid impetuous decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to use and are only valid for selling stocks you already own, not for shorting Alamos Gold stock

A golden rule is that you should not mantain a trading operation that shows a losses greater than those expected by the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Alamos Gold stock?

Currently, Alamos Gold stock doesn't match any of our preferred sell setups, so if you hold Alamos Gold shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Alamos Gold stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, just one rating was published for Alamos Gold

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Alamos Gold ratings

Brokerage firmRating
Jul 31st, 2020
BMO Capital Markets Buy

Technical analysis

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Traders use supports and resistances to identify price points in the stock price action that may work as barriers, containing the price of a stock to move in certain direction. Supports are levels where the price tends to find support as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it will probably continue descending until finding another support level. In contrast, resistance levels are where the price tends to find a curb as it moves up. Likewise, this means that the price is more liable to "rebound" at this level, and if it finally breaches this level, it will climb easily until it hits the next resistance

The current resistances are:

  • R1: $11.58 (13.09% above)
  • R2: $13.90 (35.74% above)
  • The current support levels are:

  • S1: $10.20 (-0.39% below)
  • S2: $9.52 (-7.03% below)
  • S3: $8.83 (-13.77% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It consists of 3 lines that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on July 27, the price sliced by 11.27%

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI ranges between 0 and 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on July 29 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Friday was 49.32. Since that level was lost, Alamos Gold stock sank a 10.72%

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    Earnings and financials

    Alamos Gold had the financial call and released the 2nd-quarter report on July 29. The consensus earnings estimate is a an EPS of $0.03, that is a -40% lower than Q1 quarter. Alamos Gold reported second-quarter earnings of $0.03 per share compared to market estimate that was $0.03.

    This compares to earnings of $0.05 per share a year ago, so posted EPS means a decrease of -40%. Sales tanked a -24.93% on an annualized basis in the 2nd-quarter, from $168.1M to $126.2M last quarter.

    Alamos Gold is presenting financial report. If you hold or you are looking to buy Alamos Gold stock, you must be vigilant as the earnings reporting day usually has a very high volatility, and price can soar and sink with exceptionally low liquidity and not honouring your buy or stop-loss orders. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.

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