Arcadia Biosciences Stock Forecast

Volatile ride for Arcadia Biosciences stock price on Wednesday moving between $1.94 and $2.19
(Updated on Apr 17, 2024)

RKDA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.40%. 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). Arcadia Biosciences has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arcadia Biosciences 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 $2.31. On a fall, the stock will find some support from the short-term average at $1.98. 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 for Arcadia Biosciences stock

Arcadia Biosciences finds support from accumulated volume at $2.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.250 between high and low, or 12.89%. For the last week, the stock has had daily average volatility of 8.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RKDA) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Arcadia Biosciences to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.89 and $2.17, which gives a possible trading interval of +/-$0.140 (+/-6.90%) up or down from last closing price. If Arcadia Biosciences takes out the full calculated possible swing range there will be an estimated 13.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.03 (0.00%) than the support at $2.00 (1.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Arcadia Biosciences stock A Buy?

Arcadia Biosciences holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.560 Sell Candidate Upgraded

Predicted Opening Price for Arcadia Biosciences of Thursday, April 18, 2024

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