Allied Farmers Limited Stock Forecast
Red day on Thursday for Allied Farmers Limited stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Allied Farmers Limited stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.740 to a day high of $0.740. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.32% during the next 3 months and, with a 90% probability hold a price between $0.731 and $0.82 at the end of this 3-month period.
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ALF.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. 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. The Allied Farmers Limited 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 $0.740 and $0.754. 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). 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.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -9.01% to $0.673 within 24 trading days since signal was issued (Wednesday, July 10, 2024).
Support, Risk & Stop-loss for Allied Farmers Limited stock
Allied Farmers Limited finds support from accumulated volume at $0.730 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0%
Our recommended stop-loss: $0.696 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ALF.NZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Allied Farmers Limited to open at $0.740, and during the day (based on 14 day Average True Range), to move between $0.733 and $0.747, which gives a possible trading interval of +/-$0.0075 (+/-1.01%) up or down from last closing price. If Allied Farmers Limited takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.750 (1.35%) than the support at $0.730 (1.35%), 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 Allied Farmers Limited stock A Buy?
Allied Farmers Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.108 Hold/Accumulate Unchanged
Predicted Opening Price for Allied Farmers Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.740 ( 0.00000000%) | $0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALF.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 0.00000000% |
| R2 | 0.740 | 0.00000000% |
| R1 | 0.740 | 0.00000000% |
| Price | 0.740 | |
| S1 | 0.740 | 0.00000000% |
| S2 | 0.740 | 0.00000000% |
| S3 | 0.740 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.790 | 6.76% |
| R2 | 0.760 | 2.70% |
| R1 | 0.750 | 1.35% |
| Price | 0.740 | |
| S1 | 0.730 | -1.35% |
| S2 | 0.720 | -2.70% |
| S3 | 0.710 | -4.05% |
ALF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2020 | Dec 11, 2020 | Dec 11, 2020 | $0.0120 | 1.85% |
| 2 | Dec 13, 2019 | Dec 13, 2019 | Dec 13, 2019 | $0.0183 | 3.12% |
| 3 | Dec 13, 2018 | Dec 13, 2018 | Jan 18, 2019 | $0.0183 | 2.86% |
| 4 | Dec 14, 2017 | Dec 14, 2017 | Jan 19, 2018 | $0.0183 | 1.76% |
| 5 | Jun 09, 2008 | Jun 09, 2008 | Jun 09, 2008 | $18.99 | 1.95% |
FAQ
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