Agriforce Growing Systems Ltd. Stock Forecast

Agriforce Growing Systems Ltd. stock price ended at $0.0047 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)

AGRIW Signals & Forecast

There are few to no technical positive signals at the moment. 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 $0.0067 and $0.0071. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Agriforce Growing Systems Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0043. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 95.67%

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

Trading Expectations (AGRIW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Agriforce Growing Systems Ltd. to open at $0.0047, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0083, which gives a possible trading interval of +/-$0.0036 (+/-75.59%) 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 151.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0051 (8.51%) than the support at $0.0043 (8.51%), 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?

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.

Current score: -6.501 Strong Sell Candidate Unchanged

Predicted Opening Price for Agriforce Growing Systems Ltd. of Wednesday, June 26, 2024

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