Guardforce AI Co., Limited Stock Forecast
Strong day for Guardforce AI Co., Limited stock price on Friday rising 6.34% to $3.02
(Updated on Apr 26, 2024)
The Guardforce AI Co., Limited stock price gained 6.34% on the last trading day (Friday, 26th Apr 2024), rising from $2.84 to $3.02. During the last trading day the stock fluctuated 5.15% from a day low at $2.91 to a day high of $3.06. The price has risen in 5 of the last 10 days but is still down by -6.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 169 thousand shares were bought and sold for approximately $510.72 thousand.
The stock lies in the lower part of a very 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 $2.77 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 16.18% during the next 3 months and, with a 90% probability hold a price between $3.22 and $5.05 at the end of this 3-month period.
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GFAI Signals & Forecast
There are mixed signals in the stock today. The Guardforce AI Co., Limited 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 $3.39. On a fall, the stock will find some support from the short-term average at $2.82. 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 Friday, March 15, 2024, and so far it has fallen -25.62%. 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). Guardforce AI Co., 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Guardforce AI Co., Limited stock
Guardforce AI Co., Limited finds support from accumulated volume at $2.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.150 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 6.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GFAI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Guardforce AI Co., Limited to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.74 and $3.30, which gives a possible trading interval of +/-$0.283 (+/-9.38%) up or down from last closing price. If Guardforce AI Co., Limited takes out the full calculated possible swing range there will be an estimated 18.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.98 (1.32%) than the resistance at $3.49 (15.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guardforce AI Co., Limited stock A Buy?
Guardforce AI Co., Limited 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.
Current score: -1.878 Sell Candidate Unchanged
Predicted Opening Price for Guardforce AI Co., Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.00 ( 0.773%) | $3.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.15 | 4.19 % | |
| R2 | 3.09 | 2.30 % | ||
| R1 | 3.05 | 1.12 % | ||
| Current price: | 3.02 | |||
| Support | S1 | 2.94 | -2.67 % | |
| S2 | 2.90 | -3.84 % | ||
| S3 | 2.85 | -5.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.75 | 24.17 % | |
| R2 | 3.57 | 18.21 % | ||
| R1 | 3.49 | 15.56 % | ||
| Current price | 3.02 | |||
| Support | S1 | 2.98 | -1.32% | |
| S2 | 2.69 | -10.93% | ||
| S3 | 2.58 | -14.57% |
FAQ
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