Village Farms International Inc. Stock Forecast
Red day on Thursday for Village Farms International Inc. stock after losing 1.09%
(Updated on Jun 20, 2024)
The Village Farms International Inc. stock price fell by -1.09% on the last day (Thursday, 20th Jun 2024) from $1.00 to $0.99. During the last trading day the stock fluctuated 6.25% from a day low at $0.96 to a day high of $1.02. The price has fallen in 7 of the last 10 days and is down by -6.69% for this period. Volume has increased on the last day by 111 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, 403 thousand shares were bought and sold for approximately $398.60 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.59% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.17 at the end of this 3-month period.
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VFF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.52%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Village Farms International Inc. 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 $1.01 and $1.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Village Farms International Inc. 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 for Village Farms International Inc. stock
Village Farms International Inc. finds support from accumulated volume at $0.97 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0600 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 5.83%.
Village Farms International Inc. is oversold on RSI14 (23). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VFF) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Village Farms International Inc. to open at $0.99, and during the day (based on 14 day Average True Range), to move between $0.92 and $1.06, which gives a possible trading interval of +/-$0.0692 (+/-6.99%) up or down from last closing price. If Village Farms International Inc. takes out the full calculated possible swing range there will be an estimated 13.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.97 (1.50%) than the resistance at $1.03 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Village Farms International Inc. stock A Buy?
Village Farms International Inc. 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: -4.183 Sell Candidate Unchanged
Predicted Opening Price for Village Farms International Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.99 ( 0.0607%) | $0.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.05 | 6.13% |
| R2 | 1.03 | 3.81% |
| R1 | 1.01 | 2.38% |
| Price | 0.99 | |
| S1 | 0.97 | -2.26% |
| S2 | 0.95 | -3.69% |
| S3 | 0.93 | -6.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.22 | 23.34% |
| R2 | 1.21 | 22.33% |
| R1 | 1.03 | 4.14% |
| Price | 0.99 | |
| S1 | 0.97 | -1.50% |
| S2 | 0.95 | -3.95% |
| S3 | 0 | - |
FAQ
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