Agriterra Limited Stock Forecast

Volatile ride for Agriterra Limited stock price on Friday moving between £0.700 and £0.98
(Updated on Apr 26, 2024)

AGTA.L Signals & Forecast

The Agriterra Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.85 and £0.83. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -13.26%. Further fall is indicated until a new bottom pivot has been found. Agriterra Limited 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should go up by 22.88% to £1.04 within 13 trading days since signal was issued (Monday, April 29, 2024).

Support, Risk & Stop-loss for Agriterra Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.748 and £0.703. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agriterra Limited finds support just below today's level at £0.748. If this is broken, then the next support from accumulated volume will be at £0.703 and £0.700.

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 £0.280 between high and low, or 39.97%. For the last week, the stock has had daily average volatility of 11.05%.

Our recommended stop-loss: £0.81 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AGTA.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Agriterra Limited to open at £0.84, and during the day (based on 14 day Average True Range), to move between £0.707 and £0.99, which gives a possible trading interval of +/-£0.143 (+/-16.87%) up or down from last closing price. If Agriterra Limited takes out the full calculated possible swing range there will be an estimated 33.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.748 (11.99%) than the resistance at £0.98 (15.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Agriterra Limited stock A Buy?

Agriterra Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.536 Hold/Accumulate Unchanged

Predicted Opening Price for Agriterra Limited of Monday, April 29, 2024

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