Village Farms International Inc. Stock Forecast
Big movements in Village Farms International Inc. stock price on Wednesday moving 19.23% between high and low
(Updated on May 01, 2024)
The Village Farms International Inc. stock price fell by -13.07% on the last day (Wednesday, 1st May 2024) from $1.53 to $1.33. During the last trading day the stock fluctuated 19.23% from a day low at $1.30 to a day high of $1.55. The price has been going up and down for this period, and there has been a 9.92% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $3.08 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 100.79% during the next 3 months and, with a 90% probability hold a price between $2.23 and $3.10 at the end of this 3-month period.
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VFF Signals & Forecast
The Village Farms International 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 $1.36. On a fall, the stock will find some support from the long-term average at approximately $1.21. 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. 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 Tuesday, April 30, 2024, and so far it has fallen -13.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Village Farms International Inc. stock
Village Farms International Inc. finds support from accumulated volume at $1.32 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 $0.250 between high and low, or 19.23%. For the last week, the stock has had daily average volatility of 14.32%.
Our recommended stop-loss: $1.25 (-6.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VFF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Village Farms International Inc. to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.48, which gives a possible trading interval of +/-$0.147 (+/-11.07%) 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 22.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.32 (1.13%) than the resistance at $1.40 (5.26%), 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
Village Farms International Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Village Farms International Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.80% in the first trading day after earnings release.
Is Village Farms International Inc. stock A Buy?
Village Farms International 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: -0.714 Hold/Accumulate Downgraded
Predicted Opening Price for Village Farms International Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.39 ( 4.76%) | $1.33 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1.64 | 23.56 % | |
| R2 | 1.55 | 16.38 % | ||
| R1 | 1.49 | 11.94 % | ||
| Current price: | 1.33 | |||
| Support | S1 | 1.30 | -2.42 % | |
| S2 | 1.24 | -6.85 % | ||
| S3 | 1.14 | -14.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.53 | 15.04 % | |
| R2 | 1.50 | 12.78 % | ||
| R1 | 1.40 | 5.26 % | ||
| Current price | 1.33 | |||
| Support | S1 | 1.32 | -1.13% | |
| S2 | 1.27 | -4.51% | ||
| S3 | 1.22 | -8.27% |
FAQ
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