Affinor Growers Inc Stock Forecast
A very strong day for Affinor Growers Inc stock price on Wednesday
(Updated on May 01, 2024)
The Affinor Growers Inc stock price gained 10.00% on the last trading day (Wednesday, 1st May 2024), rising from $0.0500 to $0.0550. During the last trading day the stock fluctuated 0% from a day low at $0.0550 to a day high of $0.0550. The price has been going up and down for this period, and there has been a 3.38% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 8 thousand shares were bought and sold for approximately $440.00 . 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Affinor Growers Inc stock with a 90% probability to be traded between $0.0086 and $0.105 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RSSFF Signals & Forecast
The Affinor Growers Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0590. On a fall, the stock will find some support from the long-term average at approximately $0.0521. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, April 22, 2024, and so far it has fallen -47.77%. Further fall is indicated until a new bottom pivot has been found. 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 Affinor Growers Inc stock
Affinor Growers Inc finds support from accumulated volume at $0.0525 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 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 1.00%.
Our recommended stop-loss: $0.0520 (-5.46%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (RSSFF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Affinor Growers Inc to open at $0.0550, and during the day (based on 14 day Average True Range), to move between $0.0470 and $0.0630, which gives a possible trading interval of +/-$0.0080 (+/-14.57%) up or down from last closing price. If Affinor Growers Inc takes out the full calculated possible swing range there will be an estimated 29.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0525 (4.55%) than the resistance at $0.0600 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Affinor Growers Inc stock A Buy?
Affinor Growers Inc 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.
Current score: -0.290 Hold/Accumulate Unchanged
Predicted Opening Price for Affinor Growers Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0550 ( 0%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSSFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0550 | . | |
| R2 | 0.0550 | . | ||
| R1 | 0.0550 | . | ||
| Current price: | 0.0550 | |||
| Support | S1 | 0.0550 | . | |
| S2 | 0.0550 | . | ||
| S3 | 0.0550 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0634 | 15.27 % | |
| R2 | 0.0607 | 10.36 % | ||
| R1 | 0.0600 | 9.09 % | ||
| Current price | 0.0550 | |||
| Support | S1 | 0.0525 | -4.55% | |
| S2 | 0.0500 | -9.09% | ||
| S3 | 0.0429 | -22.00% |
FAQ
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