Guardforce Ai Co., Limited Stock Forecast
Strong day for Guardforce Ai Co., Limited stock price on Tuesday rising 22.70% to $0.220
(Updated on Jun 25, 2024)
The Guardforce Ai Co., Limited stock price gained 22.70% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.179 to $0.220. During the last trading day the stock fluctuated 4.55% from a day low at $0.220 to a day high of $0.230. The price has been going up and down for this period, and there has been a 10% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $682.00 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.227 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -41.27% during the next 3 months and, with a 90% probability hold a price between $0.0680 and $0.133 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GFAIW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 57.14%. Further rise is indicated until a new top pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 $0.225. On a fall, the stock will find some support from the short-term average at $0.178. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Guardforce Ai Co., Limited stock
Guardforce Ai Co., Limited finds support from accumulated volume at $0.210 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 $0.0100 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 8.15%.
Our recommended stop-loss: $0.211 (-4.06%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (GFAIW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Guardforce Ai Co., Limited to open at $0.223, and during the day (based on 14 day Average True Range), to move between $0.193 and $0.247, which gives a possible trading interval of +/-$0.0268 (+/-12.16%) 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 24.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.210 (4.55%) than the resistance at $0.230 (4.59%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.927 Hold/Accumulate Upgraded
Predicted Opening Price for Guardforce Ai Co., Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.223 ( 1.52%) | $0.220 |
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 | 0.233 | 6.06% |
| R2 | 0.230 | 4.32% |
| R1 | 0.227 | 3.25% |
| Price | 0.220 | |
| S1 | 0.220 | -0.221% |
| S2 | 0.217 | -1.29% |
| S3 | 0.213 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.270 | 22.73% |
| R2 | 0.250 | 13.64% |
| R1 | 0.230 | 4.59% |
| Price | 0.220 | |
| S1 | 0.210 | -4.55% |
| S2 | 0.200 | -9.09% |
| S3 | 0.179 | -18.50% |
FAQ
Click here for our free guide on how to buy Guardforce Ai Co., Limited Stock.
