Agriforce Growing Systems Ltd. Stock Forecast
Big movements in Agriforce Growing Systems Ltd. stock price on Monday moving 75.00% between high and low
(Updated on Jun 17, 2024)
The Agriforce Growing Systems Ltd. stock price gained 74.51% on the last trading day (Monday, 17th Jun 2024), rising from $0.0051 to $0.0089. During the last trading day the stock fluctuated 75.00% from a day low at $0.0052 to a day high of $0.0091. The price has risen in 5 of the last 10 days and is up by 48.33% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 3 thousand shares were bought and sold for approximately $27.21 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0092 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -30.81% during the next 3 months and, with a 90% probability hold a price between $0.0018 and $0.0063 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AGRIW Signals & Forecast
The Agriforce Growing Systems Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0064 and $0.0074. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 74.51%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Agriforce Growing Systems Ltd. stock
Agriforce Growing Systems Ltd. finds support from accumulated volume at $0.0088 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0039 between high and low, or 75.00%. For the last week the stock has had daily average volatility of 30.77%.
Our recommended stop-loss: $0.0086 (-3.54%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AGRIW) 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 $0.0077, and during the day (based on 14 day Average True Range), to move between $0.0058 and $0.0120, which gives a possible trading interval of +/-$0.0031 (+/-34.95%) 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 69.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0090 (1.12%) than the support at $0.0088 (1.42%), 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 Agriforce Growing Systems Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 1.922 Buy Candidate Upgraded
Predicted Opening Price for Agriforce Growing Systems Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0077 ( 13.11%) | $0.0089 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGRIW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0116 | 30.71% |
| R2 | 0.0101 | 13.97% |
| R1 | 0.0092 | 3.63% |
| Price | 0.0089 | |
| S1 | 0.0062 | -29.85% |
| S2 | 0.0053 | -40.19% |
| S3 | 0.0038 | -56.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0100 | 12.36% |
| R2 | 0.0091 | 2.25% |
| R1 | 0.0090 | 1.12% |
| Price | 0.0089 | |
| S1 | 0.0088 | -1.42% |
| S2 | 0.0084 | -5.62% |
| S3 | 0.0082 | -7.87% |
FAQ
Click here for our free guide on how to buy Agriforce Growing Systems Ltd. Stock.
