RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FAR.AX
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FAR Limited stock price ended at $0.400 on Thursday, after losing 1.23%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 2.56% PDF

The FAR Limited stock price fell by -1.23% on the last day (Thursday, 28th Mar 2024) from $0.405 to $0.400. During the last trading day the stock fluctuated 1.25% from a day low at $0.400 to a day high of $0.405. The price has risen in 4 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume has increased on the last day by 647 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, 1 million shares were bought and sold for approximately $462.25 thousand.

The stock lies in the middle of a wide and strong 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 18.56% during the next 3 months and, with a 90% probability hold a price between $0.444 and $0.521 at the end of this 3-month period.

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FAR.AX Signals & Forecast

The FAR Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.416. On a fall, the stock will find some support from the long-term average at approximately $0.387. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -8.05%. Further fall is indicated until a new bottom pivot has been found. FAR Limited 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".

Support, Risk & Stop-loss for FAR Limited stock

FAR Limited finds support from accumulated volume at $0.390 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0050 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 3.68%.

Our recommended stop-loss: $0.380 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (FAR.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect FAR Limited to open at $0.402, and during the day (based on 14 day Average True Range), to move between $0.389 and $0.411, which gives a possible trading interval of +/-$0.0108 (+/-2.71%) up or down from last closing price. If FAR Limited takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.405 (1.25%) than the support at $0.390 (2.50%), 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 FAR Limited stock A Buy?

FAR 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: -0.347 Hold/Accumulate Unchanged

Predicted Opening Price for FAR Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$0.402 ( 0.417%) $0.400

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

Trading levels for FAR.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.407 1.67 %
R2 0.405 1.19 %
R1 0.404 0.89 %
Current price: 0.400
Support S1 0.400 -0.0608 %
S2 0.399 -0.356 %
S3 0.397 -0.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.435 8.75 %
R2 0.430 7.50 %
R1 0.405 1.25 %
Current price 0.400
Support S1 0.390 -2.50%
S2 0.365 -8.75%
S3 0.340 -15.00%

FAR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 20, 2021 Sep 20, 2021 Sep 20, 2021 $0.80 105.26%

FAQ

What is the symbol for FAR Limited Stock and on which exchange is it traded?
The symbol for FAR Limited is FAR.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell FAR Limited Stock?
FAR 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.

How to buy FAR Limited Stock?
FAR Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FAR Limited Stock.

What's the current price of FAR Limited Stock?
As of the end of day on the 2024-03-28, the price of an FAR Limited (FAR.AX) share was $0.400.

What is the 52-week high and low for FAR Limited Stock?
The 52-week high for FAR Limited Stock is $0.85 and the 52-week low is $0.325.

What is the market capitalization of FAR Limited Stock?
As of the 2024-03-28, the market capitalization of FAR Limited is 36.964M.

When is the next earnings date for FAR Limited?
The upcoming earnings date for FAR Limited is Aug 31, 2024.
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About FAR Limited

FAR Limited FAR Limited operates as an oil and gas exploration and development company with primary assets in West Africa and Australia. The company holds a portfolio of exploration licenses in the Gambia and the Guinea-Bissau projects. It also holds a petroleum exploration permit in Western Australia. The company was formerly known as First Australian Resources NL and changed its name to FAR Limited in 2010. FAR Limited was incorporated in 1984 and is based... FAR.AX Profile

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