Allied Energy Corporation (OTCMKTS:AGYP) looks like it could be in a position to make investors money starting Monday.
The oil and gas explorer has made several impressive runs over the past 6 months and could be in a position to do so again starting today.
According to barchart.com the company is a buy, hitting 10 of 13 bullish indicators, meaning it’s a buy in the short, mid, and long term. Let’s look at the indicators the company is hitting.
Short Term Indicators:
20-50 Day MACD Oscillator
20-100 Day MACD Oscillator
20-200 Day MACD Oscillator
MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. This is a major bullish signal that 3 of these time frames are pointing in the right direction.
Mid Term Indicators:
50-100 MACD Oscillator
50-150 MACD Oscillator
50-200 MACD Oscillator
Again, the MACD Oscillator is a major indicator traders and investors monitor, depending on their investment outlook, they use different time frames to decide on the MACD to trade from. Short term investors see a positive MACD, as well as mid-term on AGYP.
Long Term Indicators:
100 Day Moving Average
150 Day Moving Average
200 Day Moving Average
100-200 MACD Oscillator
As noted above, the stock is hitting “buy” on several MACD time frames; the fact that short, medium, and long term time frames show up as buys is a major bullish signal. Moving Average, in this case 100, 150, and 200 day are simple technical analysis tools that smooth out price data by creating a constantly updated average price. Long term traders especially monitor these prices for reasons to buy stocks on their watchlist.
The above indicators generally only work with stocks that have a following and AGYP does, so this is why we think Monday is a great day to make sure you are paying attention to the company.