Guardforce Ai Co., Limited Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of GFAIW
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Guardforce Ai Co., Limited stock price up more than 22.59% on Thursday
(Updated on Oct 03, 2024)
Sell candidate since Oct 01, 2024
The Guardforce Ai Co., Limited stock price gained 22.59% on the last trading day (Thursday, 3rd Oct 2024), rising from $0.114 to $0.140. During the last trading day the stock fluctuated 0% from a day low at $0.140 to a day high of $0.140. The price has fallen in 5 of the last 10 days and is down by -17.65% for this period. Volume fell on the last day by -1 thousand shares and in total, 101 shares were bought and sold for approximately $14.14 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -31.60% during the next 3 months and, with a 90% probability hold a price between $0.0696 and $0.118 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
GFAIW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, October 02, 2024, and so far it has risen 22.59%. 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 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 $0.143 and $0.161. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Guardforce Ai Co., Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.130 and $0.126. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Guardforce Ai Co., Limited finds support just below today's level at $0.130. If this is broken, then the next support from accumulated volume will be at $0.126 and $0.114.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 14.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GFAIW) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Guardforce Ai Co., Limited to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.117 and $0.163, which gives a possible trading interval of +/-$0.0231 (+/-16.50%) 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 33.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.130 (7.14%) than the resistance at $0.170 (21.43%), 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 is within a very wide 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score:
-3.530
Sell Candidate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $0.140 ( 0%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for GFAIW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.140 | - |
| R2 | 0.140 | - |
| R1 | 0.140 | - |
| Price | 0.140 | |
| S1 | 0.140 | - |
| S2 | 0.140 | - |
| S3 | 0.140 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.175 | 24.64% |
| R2 | 0.170 | 21.50% |
| R1 | 0.170 | 21.43% |
| Price | 0.140 | |
| S1 | 0.130 | -7.14% |
| S2 | 0.126 | -9.93% |
| S3 | 0.114 | -18.43% |
FAQ
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