Arcadia Biosciences Stock Forecast
Volatile ride for Arcadia Biosciences stock price on Friday moving between $3.07 and $3.44
(Updated on Dec 08, 2023)
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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 $3.39 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 -14.85% during the next 3 months and, with a 90% probability hold a price between $2.20 and $2.89 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.
RKDA Signals & Forecast
The Arcadia Biosciences stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.02 and $3.17. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, December 07, 2023, and so far it has fallen -4.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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Support, Risk & Stop-loss for Arcadia Biosciences stock
Arcadia Biosciences finds support from accumulated volume at $3.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.369 between high and low, or 12.02%. For the last week the stock has had daily average volatility of 11.98%.
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 11th
For the upcoming trading day on Monday, 11th we expect Arcadia Biosciences to open at $3.25, and during the day (based on 14 day Average True Range), to move between $2.97 and $3.53, which gives a possible trading interval of +/-$0.280 (+/-8.60%) up or down from last closing price. If Arcadia Biosciences takes out the full calculated possible swing range there will be an estimated 17.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.16 (2.77%) than the resistance at $3.40 (4.62%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.299 Open Broker Account
Sell Candidate DowngradedPredicted Opening Price for Arcadia Biosciences of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price December 11, 2023 | Current price |
|---|---|
| $3.25 | $3.25 (Undervalued) |
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Trading levels for RKDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.62 | 11.47 % | |
| R2 | 3.48 | 7.13 % | ||
| R1 | 3.39 | 4.45 % | ||
| Current price: | 3.25 | |||
| Support | S1 | 3.11 | -4.23 % | |
| S2 | 3.03 | -6.91 % | ||
| S3 | 2.88 | -11.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.06 | 24.92 % | |
| R2 | 3.41 | 4.92 % | ||
| R1 | 3.40 | 4.62 % | ||
| Current price | 3.25 | |||
| Support | S1 | 3.16 | -2.77% | |
| S2 | 3.01 | -7.38% | ||
| S3 | 2.90 | -10.77% |
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