Agriterra Limited Stock Forecast
On Friday, Agriterra Limited stock price gained an impressive 15.18%
(Updated on May 10, 2024)
The Agriterra Limited stock price gained 15.18% on the last trading day (Friday, 10th May 2024), rising from £0.85 to £0.98. During the last trading day the stock fluctuated 0% from a day low at £0.98 to a day high of £0.98. The price has been going up and down for this period, and there has been a 15.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 408 more shares were traded than the day before. In total, 408 shares were bought and sold for approximately £399.43 .
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £1.00 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Agriterra Limited stock with a 90% probability to be traded between £0.695 and £0.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 £0.87 and £0.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 39.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Agriterra Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 with a target of £0.85. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Agriterra Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.85 and £0.770. 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 £0.85. If this is broken, then the next support from accumulated volume will be at £0.770 and £0.748.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 7.97%.
Our recommended stop-loss: £0.94 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (AGTA.L) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Agriterra Limited to open at £0.98, and during the day (based on 14 day Average True Range), to move between £0.87 and £1.09, which gives a possible trading interval of +/-£0.108 (+/-11.05%) up or down from last closing price. If Agriterra Limited takes out the full calculated possible swing range there will be an estimated 22.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.98 (0.09%) than the support at £0.85 (13.18%), 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 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Agriterra Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| £0.98 ( 0%) | £0.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGTA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.98 | . | |
| R2 | 0.98 | . | ||
| R1 | 0.98 | . | ||
| Current price: | 0.98 | |||
| Support | S1 | 0.98 | . | |
| S2 | 0.98 | . | ||
| S3 | 0.98 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1.00 | 2.15 % | ||
| R1 | 0.98 | 0.0919 % | ||
| Current price | 0.98 | |||
| Support | S1 | 0.85 | -13.18% | |
| S2 | 0.770 | -21.35% | ||
| S3 | 0.748 | -23.59% |
FAQ
Click here for our free guide on how to buy Agriterra Limited Stock.
