Armanino Foods Of Distinction Inc. Stock Forecast
Evaluation of Armanino Foods Of Distinction Inc. stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Armanino Foods Of Distinction Inc. stock price fell by -4.68% on the last day (Wednesday, 24th Apr 2024) from $5.77 to $5.50. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 5.45% from a day low at $5.50 to a day high of $5.80. The price has fallen in 8 of the last 10 days and is down by -7.92% for this period. Volume has increased on the last day by 113 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, 119 thousand shares were bought and sold for approximately $653.94 thousand.
Given the current short-term trend, the stock is expected to rise 28.98% during the next 3 months and, with a 90% probability hold a price between $7.09 and $8.52 at the end of this 3-month period.
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AMNF Signals & Forecast
There are few to no technical positive signals at the moment. The Armanino Foods Of Distinction 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 $5.80 and $5.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -11.58%. 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). Armanino Foods Of Distinction 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 Armanino Foods Of Distinction Inc. stock
Armanino Foods Of Distinction Inc. finds support from accumulated volume at $5.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.300 (5.45%) between high and low. For the last week, the stock has had daily average volatility of 2.79%.
Armanino Foods Of Distinction Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMNF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Armanino Foods Of Distinction Inc. to open at $5.60, and during the day (based on 14 day Average True Range), to move between $5.33 and $5.67, which gives a possible trading interval of +/-$0.167 (+/-3.04%) up or down from last closing price. If Armanino Foods Of Distinction Inc. takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.39 (2.00%) than the resistance at $5.73 (4.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Armanino Foods Of Distinction Inc. stock A Buy?
The Armanino Foods Of Distinction Inc. stock holds several negative signals and despite the positive trend, we believe Armanino Foods Of Distinction Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.071 Sell Candidate Downgraded
Predicted Opening Price for Armanino Foods Of Distinction Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.60 ( 1.82%) | $5.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMNF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.90 | 7.27 % | |
| R2 | 5.79 | 5.19 % | ||
| R1 | 5.71 | 3.90 % | ||
| Current price: | 5.50 | |||
| Support | S1 | 5.49 | -0.265 % | |
| S2 | 5.41 | -1.55 % | ||
| S3 | 5.30 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.90 | 7.27 % | |
| R2 | 5.75 | 4.55 % | ||
| R1 | 5.73 | 4.18 % | ||
| Current price | 5.50 | |||
| Support | S1 | 5.39 | -2.00% | |
| S2 | 5.28 | -4.00% | ||
| S3 | 4.89 | -11.09% |
AMNF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 29, 2024 | $0.100 | 1.82% |
| 2 | Jan 05, 2024 | Jan 05, 2024 | Jan 26, 2024 | $0.0330 | 0.686% |
| 3 | Oct 05, 2023 | Oct 05, 2023 | Oct 31, 2023 | $0.0330 | 0.713% |
| 4 | Jun 26, 2023 | Jul 06, 2023 | Jul 28, 2023 | $0.0330 | 0.786% |
| 5 | Mar 28, 2023 | Apr 05, 2023 | Apr 29, 2023 | $0.0330 | 0.81% |
FAQ
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