AgriFORCE Growing Systems, Ltd. Stock Forecast
Volatile ride for AgriFORCE Growing Systems, Ltd. stock price on Monday moving between $0.0821 and $0.118
(Updated on Jun 17, 2024)
The AgriFORCE Growing Systems, Ltd. stock price gained 9.04% on the last trading day (Monday, 17th Jun 2024), rising from $0.0819 to $0.0893. During the last trading day the stock fluctuated 43.61% from a day low at $0.0821 to a day high of $0.118. The price has fallen in 8 of the last 10 days and is down by -20.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 156 million more shares were traded than the day before. In total, 163 million shares were bought and sold for approximately $14.58 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.04% during the next 3 months and, with a 90% probability hold a price between $0.0345 and $0.0730 at the end of this 3-month period. 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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AGRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 9.04%. 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. The AgriFORCE Growing Systems, Ltd. 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 $0.0909 and $0.115. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AgriFORCE Growing Systems, Ltd. stock
AgriFORCE Growing Systems, Ltd. finds support from accumulated volume at $0.0857 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0358 between high and low, or 43.61%. For the last week, the stock has had daily average volatility of 14.12%.
AgriFORCE Growing Systems, Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGRI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect AgriFORCE Growing Systems, Ltd. to open at $0.0964, and during the day (based on 14 day Average True Range), to move between $0.0697 and $0.109, which gives a possible trading interval of +/-$0.0196 (+/-21.99%) up or down from last closing price. If AgriFORCE Growing Systems, Ltd. takes out the full calculated possible swing range there will be an estimated 43.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0857 (4.03%) than the resistance at $0.0949 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AgriFORCE Growing Systems, Ltd. stock A Buy?
AgriFORCE Growing Systems, Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.230 Sell Candidate Upgraded
Predicted Opening Price for AgriFORCE Growing Systems, Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0964 ( 7.99%) | $0.0893 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGRI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.132 | 48.08% |
| R2 | 0.119 | 32.76% |
| R1 | 0.110 | 23.30% |
| Price | 0.0893 | |
| S1 | 0.0828 | -7.33% |
| S2 | 0.0743 | -16.79% |
| S3 | 0.0606 | -32.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.103 | 15.68% |
| R2 | 0.0990 | 10.86% |
| R1 | 0.0949 | 6.27% |
| Price | 0.0893 | |
| S1 | 0.0857 | -4.03% |
| S2 | 0.0819 | -8.29% |
| S3 | 0 | - |
FAQ
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