AGRIFORCE GROWING SYSTEMS LT (AGRI)       1.23  0 (0%)

1.23  0 (0%)

CAC009481069 - Common Stock - After market: 1.23 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to AGRI. In the past year, AGRI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



When comparing the performance of all stocks over the past year, AGRI turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
AGRI is an average performer in the Food Products industry, it outperforms 69% of 105 stocks in the same industry.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
AGRI is currently trading near the lower end of its 52 week range, which is not a good sign. AGRI is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month AGRI has a been trading in the 1.16 - 1.68 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 1.65% 25.51% -30.11% -21.15% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 67.99 0.93 - 6.1
AGRI Weekly chart
AGRI Daily chart

Support/Resistance Analysis


1.08

1.59
We found 2 important support areas.
  • A support zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
  • A resistance zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.47 from a trend line in the daily time frame.
  • Resistance @1.53 from a trend line in the daily time frame.
  • Resistance @1.57 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is only medium, AGRI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AGRI 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.

AGRI Daily chart

AGRIFORCE GROWING SYSTEMS LT1.23

NASDAQ:AGRI (2/7/2023, 7:23:02 PM)0 (0%)

After market: 1.23 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products

Performance
Today 0% 1 Week -0.81%
2 Weeks -7.52% 1 Month 1.65%
3 Month 25.51% 6 Month -30.11%

Volatility
ATR(14) 0.1 ATR(20)% 11.77%
ATR Inc -58.55% Range Today 0.08

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 67.99 Mansfield -3.49
10 Day High 1.3 10 Day Low 1.18
20 Day High 1.68 20 Day Low 1.16
52 Week High 6.1 52 Week Low 0.93
CS1 End 1.22 CR1 Start 1.28

Volume & EV
DER(3) 5.37% DER(5) 3.66%
Volume 132.00K Volume Incr -64.18%
Vol(5) 191.54K Vol(50) 277.18K

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