AgroFresh Solutions Forecast and Stock Analysis
Technical AGFS stock analysis for March 19, 2019.
AgroFresh Solutions fell by -5.42% in the last day from $3.69 to $3.49 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -28.63% for this period. Volume has increased in the last day by 90 398 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 192 506 shares bought and sold for approximately $671 846.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the AGFS stock was $3.49. This is 5.42% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 6.90% from a day low at $3.48 to a day high of $3.72.
30 day high of the AGFS stock price was $5.10 and low was $3.48.
90 day high was $5.10 and low was $3.41.
52 week high for the AgroFresh Solutions - $7.67 and low - $3.41.
AgroFresh Solutions has broken the very wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $3.98. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. AgroFresh Solutions holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $3.91 and $4.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 04, 2019, which indicates further falls until a new bottom pivot has been found. AgroFresh Solutions 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-off's".
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a 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 $0.24 between high and low, or 6.90%. For the last week, the stock has had a daily average volatility of 6.23%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The AgroFresh Solutions stock holds several negative signals and despite the positive trend we believe AgroFresh Solutions will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.