RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SENEA
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Green day on Thursday for Seneca Foods Corp. stock after gaining 3.89%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 10.92% PDF

The Seneca Foods Corp. stock price gained 3.89% on the last trading day (Thursday, 28th Mar 2024), rising from $54.77 to $56.90. During the last trading day the stock fluctuated 3.62% from a day low at $54.95 to a day high of $56.94. The price has risen in 7 of the last 10 days and is up by 9.87% 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, 13 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $2.82 million.

Given the current horizontal trend, you can expect Seneca Foods Corp. stock with a 90% probability to be traded between $43.22 and $55.86 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.

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SENEA Signals & Forecast

The Seneca Foods Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $54.66 and $50.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 27.69%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Seneca Foods Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $53.38 and $48.64. 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, Seneca Foods Corp. finds support just below today's level at $53.38. If this is broken, then the next support from accumulated volume will be at $48.64 and $46.23.

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 $1.99 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 2.29%.

The Seneca Foods Corp. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $54.93 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (SENEA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Seneca Foods Corp. to open at $56.26, and during the day (based on 14 day Average True Range), to move between $55.33 and $58.47, which gives a possible trading interval of +/-$1.57 (+/-2.76%) up or down from last closing price. If Seneca Foods Corp. takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $53.38, some $3.52 (6.19%) from the current price of $56.90, our system finds the risk reward attractive.

Is Seneca Foods Corp. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Seneca Foods Corp. stock to perform well in the short-term period.

Current score: 4.326 Buy Candidate Unchanged

Predicted Opening Price for Seneca Foods Corp. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$56.26 ( 1.12%) $56.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SENEA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 58.25 2.38 %
R2 57.49 1.04 %
R1 57.02 0.217 %
Current price: 56.90
Support S1 55.50 -2.45 %
S2 55.03 -3.28 %
S3 54.27 -4.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 56.90
Support S1 53.38 -6.19%
S2 48.64 -14.52%
S3 46.23 -18.75%

FAQ

What is the symbol for Seneca Foods Corp. Stock and on which exchange is it traded?
The symbol for Seneca Foods Corp. is SENEA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Seneca Foods Corp. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Seneca Foods Corp. stock to perform well in the short-term period.

How to buy Seneca Foods Corp. Stock?
Seneca Foods Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seneca Foods Corp. Stock.

What's the current price of Seneca Foods Corp. Stock?
As of the end of day on the 2024-03-28, the price of an Seneca Foods Corp. (SENEA) share was $56.90.

What is the 52-week high and low for Seneca Foods Corp. Stock?
The 52-week high for Seneca Foods Corp. Stock is $59.99 and the 52-week low is $32.50.

What is the market capitalization of Seneca Foods Corp. Stock?
As of the 2024-03-28, the market capitalization of Seneca Foods Corp. is 405.262M.

When is the next earnings date for Seneca Foods Corp.?
The upcoming earnings date for Seneca Foods Corp. is Jun 11, 2024.
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About Seneca Foods Corp.

Seneca Foods . Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ. It also packs canned and frozen vegetables... SENEA Profile

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