ArborGen Holdings Limited Stock Forecast

Green day on Friday for ArborGen Holdings Limited
(Updated on May 17, 2024)

ARB.NZ Signals & Forecast

The ArborGen Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.158 and $0.160. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 4.52%. Further rise is indicated until a new top pivot has been found. ArborGen Holdings 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for ArborGen Holdings Limited stock

ArborGen Holdings Limited finds support from accumulated volume at $0.160 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0020 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 0.90%.

Our recommended stop-loss: $0.152 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (ARB.NZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect ArborGen Holdings Limited to open at $0.161, and during the day (based on 14 day Average True Range), to move between $0.160 and $0.164, which gives a possible trading interval of +/-$0.0020 (+/-1.24%) up or down from last closing price. If ArborGen Holdings Limited takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.164 (1.23%) than the support at $0.160 (1.23%), 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 ArborGen Holdings Limited stock A Buy?

ArborGen Holdings 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 ArborGen Holdings Limited of Monday, May 20, 2024

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