AGRIFORCE GROWING SYSTEMS LT (AGRI) Stock Technical Analysis
NASDAQ:AGRI - Nasdaq - CAC009482059 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to AGRI. AGRI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than AGRI.
AGRI is part of the Food Products industry. There are 89 other stocks in this industry, of which 88% are performing better than AGRI.
AGRI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month AGRI has a been trading in the 1.18 - 1.78 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
AGRI has an average volume of 1466300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of AGRI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.19
2.05
When analyzing the resistance we notice 3 important areas.
- Resistance @1.26 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.43 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.03 from a trend 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 | DOWN | NEGATIVE | The long term trend for AGRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AGRI is down. |
| ChartMill Relative Strength | 2.98 | NEGATIVE | AGRI has a low relative strength, it was outperformed by 97.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AGRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AGRI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AGRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.83 | NEUTRAL | The RSI value for AGRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AGRI has a negative trend. |
| Stochastics (14,3) | 13.14 | OVERSOLD | The low Stochastics value suggests AGRI may be oversold. |
| Average True Range in percent/ATR (20) | 11.79 | HIGH VOLATILITY | The high ATR as a percentage value for AGRI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.95 | NEGATIVE | The low ADX value for AGRI suggests a weak or negative 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)
1.2
-0.18 (-13.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-13.04%
1 Week-16.08%
2 Weeks-25.93%
1 Month-18.92%
3 Month-19.46%
6 Month-44.7%
12 Month-85.35%
2 Year-99.89%
3 Year-99.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%11.79%
ATR Inc17.07%
Range Today0.16
ADR(20)0.13
ADR(20)%11.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.98
Mansfield-7.06
10 Day High1.69
10 Day Low1.18
20 Day High1.78
20 Day Low1.18
52 Week High11.79
52 Week Low1
CS1 EndN/A
CR1 Start1.26
Volume & EV
DER(3)-9.15%
DER(5)-9.21%
Volume1.52M
Volume Incr-42.1%
Vol(5)342.60K
Vol(50)1.47M