Where Food Comes From, Inc. Stock Forecast
Where Food Comes From, Inc. stock price ended at $12.11 on Friday, after gaining 2.80%.
(Updated on Jun 28, 2024)
The Where Food Comes From, Inc. stock price gained 2.80% on the last trading day (Friday, 28th Jun 2024), rising from $11.78 to $12.11. During the last trading day the stock fluctuated 2.74% from a day low at $12.07 to a day high of $12.40. The price has fallen in 6 of the last 10 days and is down by -0.74% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $35.74 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 12.30% during the next 3 months and, with a 90% probability hold a price between $12.97 and $15.33 at the end of this 3-month period.
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WFCF Signals & Forecast
There are few to no technical positive signals at the moment. The Where Food Comes From, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.35 and $12.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -7.49%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $12.08 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 $0.330 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WFCF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Where Food Comes From, Inc. to open at $12.19, and during the day (based on 14 day Average True Range), to move between $11.72 and $12.50, which gives a possible trading interval of +/-$0.387 (+/-3.20%) 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 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.08 (0.25%) than the resistance at $12.20 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Where Food Comes From, Inc. stock A Buy?
The Where Food Comes From, Inc. stock holds several negative signals and despite the positive trend, we believe Where Food Comes From, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.199 Sell Candidate Unchanged
Predicted Opening Price for Where Food Comes From, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $12.19 ( 0.661%) | $12.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WFCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.52 | 3.39% |
| R2 | 12.39 | 2.34% |
| R1 | 12.32 | 1.70% |
| Price | 12.11 | |
| S1 | 12.06 | -0.380% |
| S2 | 11.99 | -1.02% |
| S3 | 11.86 | -2.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.09 | 8.09% |
| R2 | 12.40 | 2.39% |
| R1 | 12.20 | 0.743% |
| Price | 12.11 | |
| S1 | 12.08 | -0.248% |
| S2 | 12.00 | -0.91% |
| S3 | 11.43 | -5.62% |
WFCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2021 | Jul 26, 2021 | Aug 16, 2021 | $0.150 | 1.09% |
FAQ
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