Golden Agri-Resources Ltd Stock Forecast
Red day on Friday for Golden Agri-Resources Ltd stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of Golden Agri-Resources Ltd stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.89% from a day low at S$0.265 to a day high of S$0.270. The price has fallen in 4 of the last 10 days and is down by -3.64% for this period.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at S$0.264 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Golden Agri-Resources Ltd stock with a 90% probability to be traded between S$0.262 and S$0.273 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.
E5H.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Golden Agri-Resources Ltd 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 S$0.267 and S$0.271. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.85%. 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 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".
Support, Risk & Stop-loss for Golden Agri-Resources Ltd 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.
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 S$0.0050 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 2.28%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (E5H.SI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Golden Agri-Resources Ltd to open at S$0.267, and during the day (based on 14 day Average True Range), to move between S$0.259 and S$0.271, which gives a possible trading interval of +/-S$0.0059 (+/-2.22%) up or down from last closing price. If Golden Agri-Resources Ltd takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.270, some S$0.0050 (1.89%) from the current price of S$0.265, our system finds the risk reward not very attractive.
Is Golden Agri-Resources Ltd stock A Buy?
Golden Agri-Resources Ltd holds several negative signals and is within a narrow and 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.
Current score: -2.066 Sell Candidate Unchanged
Predicted Opening Price for Golden Agri-Resources Ltd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
S$0.267 ( 0.629%) | S$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for E5H.SI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.272 | 2.52 % | |
R2 | 0.270 | 1.79 % | ||
R1 | 0.269 | 1.35 % | ||
Current price: | 0.265 | |||
Support | S1 | 0.265 | -0.0918 % | |
S2 | 0.264 | -0.537 % | ||
S3 | 0.262 | -1.26 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.275 | 3.77 % | ||
R1 | 0.270 | 1.89 % | ||
Current price | 0.265 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
E5H Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 07, 2024 | S$0 | 0% |
2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | S$0.0099 | 3.74% |
3 | Nov 16, 2022 | Nov 16, 2022 | Nov 16, 2022 | S$0.0080 | 2.81% |
4 | May 05, 2022 | May 05, 2022 | May 05, 2022 | S$0.0108 | 3.42% |
5 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | S$0.0053 | 1.96% |
FAQ
Click here for our free guide on how to buy Golden Agri-Resources Ltd Stock.