S&W Seed Company 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
S&W Seed Company stock price ended at $0.416 on Thursday, after losing 0.240%.
(Updated on May 02, 2024)
The S&W Seed Company stock price fell by -0.240% on the last day (Thursday, 2nd May 2024) from $0.417 to $0.416. During the last trading day the stock fluctuated 5.29% from a day low at $0.416 to a day high of $0.438. The price has risen in 5 of the last 10 days but is still down by -0.62% for this period. Volume has increased on the last day by 7 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, 23 thousand shares were bought and sold for approximately $9.46 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.43% during the next 3 months and, with a 90% probability hold a price between $0.274 and $0.411 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.
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SANW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.72%. 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 S&W Seed Company 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 $0.419 and $0.439. A break-up above any of these levels will issue buy signals. S&W Seed Company 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for S&W Seed Company stock
S&W Seed Company finds support from accumulated volume at $0.415 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0220 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SANW) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect S&W Seed Company to open at $0.423, and during the day (based on 14 day Average True Range), to move between $0.388 and $0.444, which gives a possible trading interval of +/-$0.0285 (+/-6.84%) up or down from last closing price. If S&W Seed Company takes out the full calculated possible swing range there will be an estimated 13.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.415 (0.19%) than the resistance at $0.465 (11.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
S&W Seed Company will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.100. We will update the financials statements for S&W Seed Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.71% in the first trading day after earnings release.
Is S&W Seed Company stock A Buy?
S&W Seed Company 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: -2.320 Sell Candidate Unchanged
Predicted Opening Price for S&W Seed Company of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.423 ( 1.76%) | $0.416 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SANW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.445 | 7.05 % | |
| R2 | 0.437 | 5.03 % | ||
| R1 | 0.432 | 3.78 % | ||
| Current price: | 0.416 | |||
| Support | S1 | 0.415 | -0.257 % | |
| S2 | 0.410 | -1.51 % | ||
| S3 | 0.401 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.510 | 22.60 % | |
| R2 | 0.480 | 15.38 % | ||
| R1 | 0.465 | 11.80 % | ||
| Current price | 0.416 | |||
| Support | S1 | 0.415 | -0.192% | |
| S2 | 0.414 | -0.481% | ||
| S3 | 0.405 | -2.64% |
FAQ
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