Asmallworld Ag Stock Forecast
Is Asmallworld Ag stock still a buy after falling -6.37% on Wednesday?
(Updated on Jun 26, 2024)
The Asmallworld Ag stock price fell by -6.37% on the last day (Wednesday, 26th Jun 2024) from 1.57 Fr to 1.47 Fr. During the last trading day the stock fluctuated 6.12% from a day low at 1.47 Fr to a day high of 1.56 Fr. The price has been going up and down for this period, and there has been a -7.55% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately 8.02 Fr thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 1.47 Fr is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASWN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Asmallworld Ag 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 1.54 Fr and 1.56 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -6.37%. 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). Asmallworld Ag 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.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -1.13% to 1.45 Fr within 3 trading days since signal was issued (Tuesday, June 11, 2024).
Support, Risk & Stop-loss for Asmallworld Ag stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.0900 Fr (6.12%) between high and low. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASWN.SW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Asmallworld Ag to open at 1.50 Fr, and during the day (based on 14 day Average True Range), to move between 1.39 Fr and 1.55 Fr, which gives a possible trading interval of +/-0.0834 Fr (+/-5.67%) up or down from last closing price. If Asmallworld Ag takes out the full calculated possible swing range there will be an estimated 11.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 1.57 Fr, some 0.100 Fr (6.80%) from the current price of 1.47 Fr, our system finds the risk reward not very attractive.
Is Asmallworld Ag stock A Buy?
Asmallworld Ag holds several negative signals and is within a falling trend, so we believe 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 Hold/Accumulate to a Strong Sell candidate.
Current score: -5.500 Strong Sell Candidate Downgraded
Predicted Opening Price for Asmallworld Ag of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 1.50 Fr ( 2.04%) | 1.47 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASWN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.59 | 8.16% |
| R2 | 1.56 | 5.82% |
| R1 | 1.53 | 4.38% |
| Price | 1.47 | |
| S1 | 1.47 | -0.298% |
| S2 | 1.44 | -1.74% |
| S3 | 1.41 | -4.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.60 | 8.84% |
| R2 | 1.59 | 8.16% |
| R1 | 1.57 | 6.80% |
| Price | 1.47 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Asmallworld Ag Stock.
