Arcadia Biosciences Stock Forecast
Arcadia Biosciences stock price ended on $3.25 on Friday after gaining 1.88%
(Updated on Sep 22, 2023)
The Arcadia Biosciences stock price gained 1.88% on the last trading day (Friday, 22nd Sep 2023), rising from $3.19 to $3.25. During the last trading day the stock fluctuated 5.00% from a day low at $3.10 to a day high of $3.26. The price has fallen in 6 of the last 10 days and is down by -20.35% for this period. Volume fell on the last day by -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately $29.58 thousand. 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.
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The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.18 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.78% during the next 3 months and, with a 90% probability hold a price between $2.77 and $4.30 at the end of this 3-month period.
RKDA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, September 21, 2023, and so far it has risen 1.88%. 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 Arcadia Biosciences 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 $3.47 and $3.88. 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 Arcadia Biosciences stock
Arcadia Biosciences finds support from accumulated volume at $3.19 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 $0.155 between high and low, or 5.00%. For the last week the stock has had daily average volatility of 6.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RKDA) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect Arcadia Biosciences to open at $3.20, and during the day (based on 14 day Average True Range), to move between $2.95 and $3.55, which gives a possible trading interval of +/-$0.297 (+/-9.14%) up or down from last closing price. If Arcadia Biosciences takes out the full calculated possible swing range there will be an estimated 18.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.19 (1.84%) than the resistance at $3.87 (19.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arcadia Biosciences stock A Buy?
Arcadia Biosciences 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.
Current score: -5.102 Open Broker Account
Strong Sell Candidate UnchangedPredicted Opening Price for Arcadia Biosciences of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $3.20 | $3.25 (Overvalued) |
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Trading levels for RKDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.36 | 3.28 % | |
| R2 | 3.30 | 1.46 % | ||
| R1 | 3.26 | 0.337 % | ||
| Current price: | 3.25 | |||
| Support | S1 | 3.14 | -3.30 % | |
| S2 | 3.11 | -4.43 % | ||
| S3 | 3.05 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.96 | 21.85 % | |
| R2 | 3.88 | 19.39 % | ||
| R1 | 3.87 | 19.08 % | ||
| Current price | 3.25 | |||
| Support | S1 | 3.19 | -1.84% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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About Arcadia Biosciences
Arcadia Biosciences, Inc. produces and markets plant-based health and wellness products in the United States. It engages in developing crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients, health and wellness products, and their viability for industrial applications. The company was incorporated in 2002 and is headquartered in Davis, Californi... RKDA Profile
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