FORAFRIC GLOBAL PLC (AFRI) Stock Technical Analysis
NASDAQ:AFRI - GI000A3DNK69 - Common Stock
8.66 USD
-0.11 (-1.25%)
8.66 USD
0 (0%)
Taking everything into account, AFRI scores 6 out of 10 in our technical rating. AFRI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
80% of all other stocks performed better in the past year than AFRI.
Warning: AFRI has an average volume of 14596 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month AFRI has a been trading in the 7.47 - 9.22 range, which is quite wide. It is currently trading near the high of this range.
AFRI is an average performer in the Food Products industry, it outperforms 50% of 90 stocks in the same industry.
AFRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AFRI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AFRI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.62
11.58
We found 1 important support area.
- A support zone ranging from 7.70 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.17 to 9.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.47 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 | NEUTRAL | NEUTRAL | The long term trend for AFRI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFRI is up. |
| ChartMill Relative Strength | 20.03 | NEGATIVE | AFRI has a low relative strength, it was outperformed by 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFRI is above the rising 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) | 64.58 | NEUTRAL | The RSI value for AFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AFRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.18 | NEUTRAL | The Stochastics value for AFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for AFRI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.1 | 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)
8.66
-0.11 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.25%
1 Week8.79%
2 Weeks9.62%
1 Month11.17%
3 Month11.31%
6 Month-4.31%
12 Month-23.29%
2 Year-22.26%
3 Year-18.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%3.76%
ATR Inc67.71%
Range Today0.76
ADR(20)0.32
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.03
Mansfield-1.48
10 Day High9.22
10 Day Low7.61
20 Day High9.22
20 Day Low7.47
52 Week High11.74
52 Week Low7.47
CS1 End7.88
CR1 Start9.17
Volume & EV
DER(3)-4.01%
DER(5)-0.53%
Volume10.50K
Volume Incr38.66%
Vol(5)15.44K
Vol(50)14.60K