Where Food Comes From, Inc. Stock Forecast

Red day on Monday for Where Food Comes From, Inc.
(Updated on Jun 24, 2024)

WFCF Signals & Forecast

The Where Food Comes From, 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 $12.37 and $12.22. A breakdown below any of these levels will issue sell signals. 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 Friday, May 24, 2024, and so far it has fallen -2.98%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Where Food Comes From, Inc. stock

Where Food Comes From, Inc. finds support from accumulated volume at $12.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.680 between high and low, or 5.55%. For the last week the stock has had daily average volatility of 4.18%.

Our recommended stop-loss: $11.95 (-5.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)

Trading Expectations (WFCF) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Where Food Comes From, Inc. to open at $12.63, and during the day (based on 14 day Average True Range), to move between $12.34 and $13.06, which gives a possible trading interval of +/-$0.363 (+/-2.86%) up or down from last closing price. If Where Food Comes From, Inc. takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.93 (1.81%) than the support at $12.20 (3.94%), 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 Where Food Comes From, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Where Food Comes From, Inc. stock to perform well in the short-term.

Current score: 1.573 Buy Candidate Unchanged

Predicted Opening Price for Where Food Comes From, Inc. of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.