Armanino Foods Of Distinction Inc. Stock Forecast
Evaluation of Armanino Foods Of Distinction Inc. stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Armanino Foods Of Distinction Inc. stock price fell by -2.03% on the last day (Friday, 3rd May 2024) from $5.90 to $5.78. During the last trading day the stock fluctuated 3.11% from a day low at $5.78 to a day high of $5.96. The price has been going up and down for this period, and there has been a -1.2% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -115 thousand shares and in total, 14 thousand shares were bought and sold for approximately $82.93 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.85% during the next 3 months and, with a 90% probability hold a price between $6.88 and $8.21 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMNF Signals & Forecast
There are mixed signals in the stock today. The Armanino Foods Of Distinction Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.86. On a fall, the stock will find some support from the short-term average at $5.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -7.07%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Armanino Foods Of Distinction Inc. stock
Armanino Foods Of Distinction Inc. finds support from accumulated volume at $5.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.180 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMNF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Armanino Foods Of Distinction Inc. to open at $5.84, and during the day (based on 14 day Average True Range), to move between $5.62 and $5.94, which gives a possible trading interval of +/-$0.159 (+/-2.75%) up or down from last closing price. If Armanino Foods Of Distinction Inc. takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.88 (1.73%) than the support at $5.53 (4.41%), 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 Armanino Foods Of Distinction Inc. stock A Buy?
Armanino Foods Of Distinction Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.363 Sell Candidate Downgraded
Predicted Opening Price for Armanino Foods Of Distinction Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.84 ( 1.04%) | $5.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMNF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.02 | 4.15 % | |
| R2 | 5.95 | 2.96 % | ||
| R1 | 5.91 | 2.23 % | ||
| Current price: | 5.78 | |||
| Support | S1 | 5.77 | -0.152 % | |
| S2 | 5.73 | -0.89 % | ||
| S3 | 5.66 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.97 | 3.29 % | |
| R2 | 5.90 | 2.08 % | ||
| R1 | 5.88 | 1.73 % | ||
| Current price | 5.78 | |||
| Support | S1 | 5.53 | -4.41% | |
| S2 | 5.50 | -4.84% | ||
| S3 | 4.89 | -15.40% |
AMNF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 29, 2024 | $0.100 | 1.81% |
| 2 | Jan 05, 2024 | Jan 05, 2024 | Jan 26, 2024 | $0.0330 | 0.686% |
| 3 | Oct 05, 2023 | Oct 05, 2023 | Oct 31, 2023 | $0.0330 | 0.713% |
| 4 | Jun 26, 2023 | Jul 06, 2023 | Jul 28, 2023 | $0.0330 | 0.786% |
| 5 | Mar 28, 2023 | Apr 05, 2023 | Apr 29, 2023 | $0.0330 | 0.81% |
FAQ
Click here for our free guide on how to buy Armanino Foods Of Distinction Inc. Stock.
