Affinor Growers Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very strong day for Affinor Growers Inc stock price on Thursday
(Updated on May 02, 2024)
The Affinor Growers Inc stock price gained 14.91% on the last trading day (Thursday, 2nd May 2024), rising from $0.0550 to $0.0632. During the last trading day the stock fluctuated 0% from a day low at $0.0632 to a day high of $0.0632. The price has risen in 5 of the last 10 days and is up by 37.39% over the past 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, 10 thousand shares were bought and sold for approximately $632.00 .
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 $0.0102 and $0.106 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 buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0594 and $0.0528. 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). Affinor Growers Inc 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -39.98%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Affinor Growers Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0600 and $0.0550. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Affinor Growers Inc finds support just below today's level at $0.0600. If this is broken, then the next support from accumulated volume will be at $0.0550 and $0.0500.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: $0.0595 (-5.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (RSSFF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Affinor Growers Inc to open at $0.0632, and during the day (based on 14 day Average True Range), to move between $0.0552 and $0.0712, which gives a possible trading interval of +/-$0.0080 (+/-12.62%) up or down from last closing price. If Affinor Growers Inc takes out the full calculated possible swing range there will be an estimated 25.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0634 (0.32%) than the support at $0.0600 (5.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Affinor Growers Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Affinor Growers Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.313 Buy Candidate Upgraded
Predicted Opening Price for Affinor Growers Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0632 ( 0%) | $0.0632 |
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 | 0.0632 | . | |
| R2 | 0.0632 | . | ||
| R1 | 0.0632 | . | ||
| Current price: | 0.0632 | |||
| Support | S1 | 0.0632 | . | |
| S2 | 0.0632 | . | ||
| S3 | 0.0632 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0750 | 18.67 % | |
| R2 | 0.0651 | 2.93 % | ||
| R1 | 0.0634 | 0.316 % | ||
| Current price | 0.0632 | |||
| Support | S1 | 0.0600 | -5.06% | |
| S2 | 0.0550 | -12.97% | ||
| S3 | 0.0500 | -20.89% |
FAQ
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