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Arcadia Biosciences Stock Forecast NASDAQ:RKDA

$1.10 (-7.56%)

Volume: 527k

Closed: Dec 03, 2021

Hollow Logo Score: -7.125

Arcadia Biosciences Stock Forecast

$1.10 (-7.56%)

Volume: 527k

Closed: Dec 03, 2021

Score Hollow Logo -7.125
Which way will RKDA go? Request
Key Stats
P/E Ratio 6.93
Beta 1.26
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Arcadia Biosciences stock currently holds an RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Big movements in Arcadia Biosciences stock price on Friday moving 12.03% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-16 Loss -42.71%

The Arcadia Biosciences stock price fell by -7.56% on the last day (Friday, 3rd Dec 2021) from $1.19 to $1.10. and has now fallen 7 days in a row. During the day the stock fluctuated 12.03% from a day low at $1.08 to a day high of $1.21. The price has fallen in 9 of the last 10 days and is down by -34.13% for this period. Volume has increased on the last day by 117 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 527 thousand shares were bought and sold for approximately $579.17 thousand.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($1.33) are considered to be a "second chance" to get out. According to the fan-theory $0.77 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. 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 $1.30 and $1.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -28.10%. 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). Arcadia Biosciences gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.13 between high and low, or 12.03%. For the last week, the stock has had a daily average volatility of 10.26%.

Arcadia Biosciences is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

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: -7.125

Predicted Opening Price for Arcadia Biosciences of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$1.13 $1.10 (Undervalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Aug 30, 2021 "HC Wainwright" gave "$7.00" rating for RKDA. The price target was set to $2.41+6.2%.

Volatility and Risk
Daily Average Volatility: 10.26 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.26 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.19
Price: $1.10
No Support Found

RKDA Insider Trading Show all Trades

INSIDER POWER

47.310

Last 100 transactions
Buy: 2 931 306 | Sell: 61 960 (Shares)
Date Action Amount Person Type
Jul 12, 2021 Buy 75 000 Pitlik Laura Stock Option (right to buy)
Jun 02, 2021 Buy 10 935 Murray Lilian Shackelford Stock Option (right to buy)
Jun 02, 2021 Buy 10 935 Yoder Amy Stock Option (right to buy)
Jun 02, 2021 Buy 10 935 Waller Gregory D Stock Option (right to buy)
Jun 02, 2021 Buy 25 514 Comcowich Kevin Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

47.310

Last 100 transactions
Buy: 2 931 306 | Sell: 61 960 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.26 14.53 %
1.21 10.02 %
1.18 7.24 %
Current price: 1.10
Support 1.08 -1.79 %
1.05 -4.57 %
1.00 -9.08 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.36 23.64 %
1.29 17.27 %
1.19 8.18 %
Current price 1.10
Support 0 .
0 .
0 .

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About Arcadia Biosciences

Arcadia Biosciences Arcadia Biosciences, Inc., an agricultural biotechnology trait company, provides late-stage crop productivity and product quality traits for various crops in the food and feed markets worldwide. The company offers a portfolio of agricultural yield traits, including nitrogen use efficiency, water use efficiency/drought tolerance, salinity tolerance, heat tolerance, and herbicide tolerance traits, as well as agronomic trait stacks to enhance crop y... Read more

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