S&W Seed Company Stock Forecast

Green day on Wednesday for S&W Seed Company stock after gaining 0.630%
(Updated on Apr 24, 2024)

SANW Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.54%. Further rise is indicated until a new top pivot has been found. S&W Seed Company has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The S&W Seed Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.446. On a fall, the stock will find some support from the short-term average at $0.420. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for S&W Seed Company stock

S&W Seed Company finds support from accumulated volume at $0.429 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0255 between high and low, or 6.18%. For the last week, the stock has had daily average volatility of 6.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SANW) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect S&W Seed Company to open at $0.427, and during the day (based on 14 day Average True Range), to move between $0.396 and $0.467, which gives a possible trading interval of +/-$0.0358 (+/-8.30%) up or down from last closing price. If S&W Seed Company takes out the full calculated possible swing range there will be an estimated 16.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.429 (0.58%) than the resistance at $0.503 (16.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is S&W Seed Company stock A Buy?

S&W Seed Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.036 Sell Candidate Unchanged

Predicted Opening Price for S&W Seed Company of Thursday, April 25, 2024

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