FORAFRIC GLOBAL PLC (AFRI) Stock Technical Analysis
NASDAQ:AFRI - Nasdaq - GI000A3DNK69 - Common Stock - Currency: USD
Overall AFRI gets a technical rating of 0 out of 10. AFRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AFRI is a bad performer in the overall market: 85% of all stocks are doing better.
AFRI is part of the Food Products industry. There are 89 other stocks in this industry, of which 64% are performing better than AFRI.
AFRI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AFRI is lagging the market.
AFRI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: AFRI has an average volume of 17140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AFRI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AFRI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.63
11.71
When analyzing the support we notice one important area.
- A support zone ranging from 7.71 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @7.97 from a trend line in the daily time frame.
- A resistance zone ranging from 8.16 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.76 to 8.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.59 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AFRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AFRI is down. |
| ChartMill Relative Strength | 15.38 | NEGATIVE | AFRI has a low relative strength, it was outperformed by 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AFRI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AFRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AFRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.19 | NEUTRAL | The RSI value for AFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AFRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.86 | NEUTRAL | The Stochastics value for AFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AFRI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.13 | POSITIVE | The high ADX value value for AFRI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.83
-0.03 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.38%
1 Week0.64%
2 Weeks1.29%
1 Month-1.14%
3 Month-11.22%
6 Month-23.08%
12 Month-28.43%
2 Year-28.62%
3 Year-4.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.35%
ATR Inc33.09%
Range Today0.15
ADR(20)0.18
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.38
Mansfield-2.48
10 Day High7.93
10 Day Low7.53
20 Day High8.03
20 Day Low7.53
52 Week High12
52 Week Low7.53
CS1 End7.81
CR1 Start7.97
Volume & EV
DER(3)3.3%
DER(5)-0.2%
Volume8.70K
Volume Incr-47.92%
Vol(5)10.70K
Vol(50)17.14K