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Arcadia Biosciences stock downgraded to Strong Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 01, 2024 Loss -19.64% PDF

The Arcadia Biosciences stock price fell by -3.91% on the last day (Thursday, 28th Mar 2024) from $2.30 to $2.21. During the last trading day the stock fluctuated 7.98% from a day low at $2.13 to a day high of $2.30. The price has fallen in 6 of the last 10 days and is down by -12.13% for this period. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately $60.13 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.20 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.93% during the next 3 months and, with a 90% probability hold a price between $2.00 and $2.68 at the end of this 3-month period.

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RKDA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arcadia Biosciences stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.30 and $2.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -27.97%. Further fall is indicated until a new bottom pivot has been found. Arcadia Biosciences gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Arcadia Biosciences stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.170 between high and low, or 7.98%. For the last week, the stock has had daily average volatility of 5.78%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect Arcadia Biosciences to open at $2.21, and during the day (based on 14 day Average True Range), to move between $2.06 and $2.36, which gives a possible trading interval of +/-$0.147 (+/-6.64%) up or down from last closing price. If Arcadia Biosciences takes out the full calculated possible swing range there will be an estimated 13.27% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.27, some $0.0600 (2.71%) from the current price of $2.21, our system finds the risk reward not very attractive.

Is Arcadia Biosciences stock A Buy?

Arcadia Biosciences holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.886 Strong Sell Candidate Downgraded

Predicted Opening Price for Arcadia Biosciences of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.21 ( 0.151%) $2.21

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

Trading levels for RKDA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.38 7.84 %
R2 2.32 4.90 %
R1 2.28 3.09 %
Current price: 2.21
Support S1 2.15 -2.79 %
S2 2.11 -4.60 %
S3 2.04 -7.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.70 22.17 %
R2 2.33 5.52 %
R1 2.27 2.71 %
Current price 2.21
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Arcadia Biosciences Stock and on which exchange is it traded?
The symbol for Arcadia Biosciences is RKDA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Arcadia Biosciences Stock?
Arcadia Biosciences holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

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

What's the current price of Arcadia Biosciences Stock?
As of the end of day on the 2024-03-28, the price of an Arcadia Biosciences (RKDA) share was $2.21.

What is the 52-week high and low for Arcadia Biosciences Stock?
The 52-week high for Arcadia Biosciences Stock is $8.18 and the 52-week low is $2.13.

What is the market capitalization of Arcadia Biosciences Stock?
As of the 2024-03-28, the market capitalization of Arcadia Biosciences is 2.454M.

When is the next earnings date for Arcadia Biosciences?
The upcoming earnings date for Arcadia Biosciences is May 09, 2024.
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About Arcadia Biosciences

Arcadia Biosciences Arcadia Biosciences, Inc. produces and markets plant-based health and wellness products in the United States. It engages in developing crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients, health and wellness products, and their viability for industrial applications. The company was incorporated in 2002 and is headquartered in Davis, Californi... RKDA Profile

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