Barfresh Food Group Inc Stock Forecast
Barfresh Food Group Inc stock price down 0% on Wednesday
(Updated on Apr 24, 2024)
No changes to the price of Barfresh Food Group Inc stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $1.03 to a day high of $1.03. The price has fallen in 4 of the last 10 days and is down by -11.97% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.47% during the next 3 months and, with a 90% probability hold a price between $0.704 and $0.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRFH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barfresh Food Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $1.07 and $1.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Barfresh Food Group Inc stock
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.96%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRFH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Barfresh Food Group Inc to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.97 and $1.09, which gives a possible trading interval of +/-$0.0621 (+/-6.03%) up or down from last closing price. If Barfresh Food Group Inc takes out the full calculated possible swing range there will be an estimated 12.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.10, some $0.0700 (6.80%) from the current price of $1.03, our system finds the risk reward not very attractive.
Earnings coming up
Barfresh Food Group Inc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0500. We will update the financials statements for Barfresh Food Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.68% in the first trading day after earnings release.
Is Barfresh Food Group Inc stock A Buy?
Barfresh Food Group Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.194 Sell Candidate Unchanged
Predicted Opening Price for Barfresh Food Group Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.03 ( 0%) | $1.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRFH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | . | |
| R2 | 1.03 | . | ||
| R1 | 1.03 | . | ||
| Current price: | 1.03 | |||
| Support | S1 | 1.03 | . | |
| S2 | 1.03 | . | ||
| S3 | 1.03 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.22 | 18.45 % | |
| R2 | 1.20 | 16.50 % | ||
| R1 | 1.10 | 6.80 % | ||
| Current price | 1.03 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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