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
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
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)
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
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
|Jul 31st, 2020|
|BMO Capital Markets||Buy|
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
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:
The current support levels are:
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:
Since the price surpassed the upper band on July 27, the price sliced by 11.27%
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%
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.