FORAFRIC GLOBAL PLC (AFRI) Technical Analysis
NASDAQ:AFRI • GI000A3DNK69
Current stock price
AFRI Technical Rating and Analysis
Taking everything into account, AFRI scores 1 out of 10 in our technical rating. AFRI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Warning: AFRI has an average volume of 11590 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month AFRI has a been trading in the 8.71 - 10.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, AFRI turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- AFRI is part of the Food Products industry. There are 87 other stocks in this industry, AFRI did better than 69% of them.
- AFRI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AFRI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
AFRI Weekly and Daily overview Charts
AFRI Setup Rating and Analysis
AFRI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.54, a Stop Loss order could be placed below this zone.
More info and screens
AFRI Support and Resistance Analysis
9.39
When analyzing the support we notice one important area.
- A support zone ranging from 9.48 to 9.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.64 to 10.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.87 to 11.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
AFRI Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for AFRI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AFRI is down. |
| ChartMill Relative Strength | 48.84 | NEUTRAL | AFRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AFRI is below 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) | UP | POSITIVE | The current price of AFRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.47 | NEUTRAL | The RSI value for AFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AFRI has a positive trend. |
| Stochastics (14,3) | 70.22 | NEUTRAL | The Stochastics value for AFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for AFRI suggests some volalility. |
| Average Directional Index/ADX (14) | 40.71 | POSITIVE | The high ADX value value for AFRI suggests a strong trend. |
AFRI Chart- and CandleStick Pattern Analysis
AFRI Technicals: Chart, Performance Metrics, Trend & Indicators
9.64
+0.07 (+0.73%)
FORAFRIC GLOBAL PLC / AFRI TA FAQ
What is the ChartMill technical rating of FORAFRIC GLOBAL PLC (AFRI) stock?
ChartMill assigns a technical rating of 1 / 10 to AFRI.
Can you provide the trend direction for FORAFRIC GLOBAL PLC?
The current trend direction for FORAFRIC GLOBAL PLC (AFRI) is Bearish.
What is the RSI signal for AFRI stock?
FORAFRIC GLOBAL PLC (AFRI) has an RSI value of 45.4711. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORAFRIC GLOBAL PLC?
The MACD indicator for FORAFRIC GLOBAL PLC (AFRI) has a value of 0.00175787, indicating a bearish trend.
Can you provide the short term momentum for FORAFRIC GLOBAL PLC?
The short term momentum for FORAFRIC GLOBAL PLC (AFRI) is negative.