RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SENEA
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Stronger technical forecast for Seneca Foods Corp. stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 6.76% PDF

The Seneca Foods Corp. stock price gained 1.50% on the last trading day (Wednesday, 27th Mar 2024), rising from $53.96 to $54.77. During the last trading day the stock fluctuated 2.28% from a day low at $53.81 to a day high of $55.04. The price has risen in 6 of the last 10 days and is up by 4.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $1.98 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $54.72, a level that may pose a second chance to hit a runner. According to fan-theory $65.68 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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SENEA Signals & Forecast

The Seneca Foods Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $54.31 and $50.55. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen 0%. 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). The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Seneca Foods Corp. stock

Seneca Foods Corp. finds support from accumulated volume at $53.38 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 $1.22 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 2.15%.

Our recommended stop-loss: $52.85 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SENEA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Seneca Foods Corp. to open at $54.54, and during the day (based on 14 day Average True Range), to move between $53.24 and $56.30, which gives a possible trading interval of +/-$1.53 (+/-2.79%) up or down from last closing price. If Seneca Foods Corp. takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $54.99 (0.40%) than the support at $53.38 (2.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Seneca Foods Corp. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.692 Buy Candidate Upgraded

Predicted Opening Price for Seneca Foods Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$54.54 ( 0.423%) $54.77

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

Trading levels for SENEA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 55.76 1.81 %
R2 55.30 0.96 %
R1 55.01 0.431 %
Current price: 54.77
Support S1 54.07 -1.28 %
S2 53.78 -1.81 %
S3 53.31 -2.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 55.36 1.08 %
R2 55.07 0.548 %
R1 54.99 0.402 %
Current price 54.77
Support S1 53.38 -2.54%
S2 48.64 -11.19%
S3 46.23 -15.59%

FAQ

What is the symbol for Seneca Foods Corp. Stock and on which exchange is it traded?
The symbol for Seneca Foods Corp. is SENEA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Seneca Foods Corp. Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Seneca Foods Corp. Stock?
Seneca Foods Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seneca Foods Corp. Stock.

What's the current price of Seneca Foods Corp. Stock?
As of the end of day on the 2024-03-27, the price of an Seneca Foods Corp. (SENEA) share was $54.77.

What is the 52-week high and low for Seneca Foods Corp. Stock?
The 52-week high for Seneca Foods Corp. Stock is $59.99 and the 52-week low is $32.50.

What is the market capitalization of Seneca Foods Corp. Stock?
As of the 2024-03-27, the market capitalization of Seneca Foods Corp. is 389.303M.

When is the next earnings date for Seneca Foods Corp.?
The upcoming earnings date for Seneca Foods Corp. is Jun 11, 2024.
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About Seneca Foods Corp.

Seneca Foods . Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ. It also packs canned and frozen vegetables... SENEA Profile

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