Guardforce AI Co., Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Guardforce AI Co., Limited stock downgraded after the last trading session.
(Updated on May 09, 2024)
No changes to the price of Guardforce AI Co., Limited stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 4.84% from a day low at $3.08 to a day high of $3.23. The price has fallen in 5 of the last 10 days but is still up by 10.21% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.59% during the next 3 months and, with a 90% probability hold a price between $2.51 and $3.76 at the end of this 3-month period.
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GFAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 16.36%. Further rise is indicated until a new top pivot has been found. 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. 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 $3.23. On a fall, the stock will find some support from the short-term average at $3.13. 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. 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 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.149 between high and low, or 4.84%. For the last week the stock has had daily average volatility of 6.70%.
Our recommended stop-loss: $2.97 (-5.09%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (GFAI) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Guardforce AI Co., Limited to open at $3.15, and during the day (based on 14 day Average True Range), to move between $2.88 and $3.38, which gives a possible trading interval of +/-$0.250 (+/-7.98%) 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 15.96% 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 (4.79%) than the resistance at $3.49 (11.50%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.522 Hold/Accumulate Downgraded
Predicted Opening Price for Guardforce AI Co., Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $3.15 ( 0.522%) | $3.13 |
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 | 3.30 | 5.28 % | |
| R2 | 3.24 | 3.46 % | ||
| R1 | 3.20 | 2.34 % | ||
| Current price: | 3.13 | |||
| Support | S1 | 3.09 | -1.30 % | |
| S2 | 3.05 | -2.42 % | ||
| S3 | 3.00 | -4.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.85 | 23.00 % | |
| R2 | 3.78 | 20.77 % | ||
| R1 | 3.49 | 11.50 % | ||
| Current price | 3.13 | |||
| Support | S1 | 2.98 | -4.79% | |
| S2 | 2.69 | -14.06% | ||
| S3 | 2.58 | -17.57% |
FAQ
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