Taking everything into account, AFRI scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AFRI is only an average performer.
AFRI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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7.69
4 important support areas can be observed.
- Support @10.42 from a trend line in the daily time frame.
- Support @9.83 from a trend line in the daily time frame.
- Support @9.32 from a horizontal line in the daily time frame.
- A support zone ranging from 7.77 to 7.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.80 to 11.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.29 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for AFRI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AFRI is neutral. |
| ChartMill Relative Strength | 74.15 | POSITIVE | AFRI has a high relative strength, it outperformed 74.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AFRI is below 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) | UP | POSITIVE | The current price of AFRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.14 | NEUTRAL | The RSI value for AFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests AFRI has a negative trend. |
| Stochastics (14,3) | 28.22 | NEUTRAL | The Stochastics value for AFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for AFRI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.81 | POSITIVE | The high ADX value value for AFRI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.02 | 10.41 | 0.61 (5.54%) | 18.07% |
| An entry @11.02. This is a Buy Stop order right above the resistance zone. | An exit @10.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 5.54%. | When investing 18.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AFRI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.615
-0.17 (-1.62%)
FORAFRIC GLOBAL PLC / AFRI FAQ
What is the ChartMill technical rating of FORAFRIC GLOBAL PLC (AFRI) stock?
ChartMill assigns a technical rating of 7 / 10 to AFRI.
Can you provide the trend direction for FORAFRIC GLOBAL PLC?
The current trend direction for FORAFRIC GLOBAL PLC (AFRI) is Bullish.
What is the RSI signal for AFRI stock?
FORAFRIC GLOBAL PLC (AFRI) has an RSI value of 50.1374. 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 -0.0694341, 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 neutral.