Technical Analysis for AFRI - Forafric Global PLC
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 10.78 | -1.46% | -0.16 |
AFRI closed down 1.46 percent on Wednesday, July 3, 2024, on 21 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| 200 DMA Support | Bullish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Crossed Above 200 DMA | Bullish | -1.46% | |
| Crossed Above 50 DMA | Bullish | -1.46% | |
| Golden Cross | Bullish | -1.46% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | -1.46% | |
| Cup with Handle | Other | -1.46% | |
| Narrow Range Bar | Range Contraction | -1.46% |
| Alert | Time |
|---|---|
| Down 3% | about 9 hours ago |
| Fell Below 200 DMA | about 9 hours ago |
| Fell Below 50 DMA | about 9 hours ago |
| Fell Below Previous Day's Low | about 9 hours ago |
| Down 2 % | about 9 hours ago |
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- Earnings date: Unknown
Forafric is a leading agribusiness player in Africa with activities in Morocco and Sub Saharan Africa. It is the milling industry leader with a complete range of flour and semolina, and secondary processing products such as pasta and couscous. The Group operates 12 industrial units, and 2 logistics platforms. Forafric exports its products to more than 45 countries around the world. Forafric intends to continue expanding both in Morocco and in Africa, and contributing to growing Africa food security.
Sector: Consumer Defensive
Industry: Farm Products
Keywords: Wheat Pasta Cuisine Food Security Staple Foods Mediterranean Cuisine
Classification
Sector: Consumer Defensive
Industry: Farm Products
Keywords: Wheat Pasta Cuisine Food Security Staple Foods Mediterranean Cuisine
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 11.88 |
| 52 Week Low | 9.63 |
| Average Volume | 10,167 |
| 200-Day Moving Average | 10.77 |
| 50-Day Moving Average | 10.79 |
| 20-Day Moving Average | 10.95 |
| 10-Day Moving Average | 10.84 |
| Average True Range | 0.31 |
| RSI (14) | 47.64 |
| ADX | 15.4 |
| +DI | 22.25 |
| -DI | 18.42 |
| Chandelier Exit (Long, 3 ATRs) | 10.45 |
| Chandelier Exit (Short, 3 ATRs) | 11.47 |
| Upper Bollinger Bands | 11.35 |
| Lower Bollinger Band | 10.55 |
| Percent B (%b) | 0.29 |
| BandWidth | 7.26 |
| MACD Line | -0.02 |
| MACD Signal Line | 0.01 |
| MACD Histogram | -0.031 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 11.04 | ||||
| Resistance 3 (R3) | 11.01 | 10.89 | 10.99 | ||
| Resistance 2 (R2) | 10.89 | 10.83 | 10.91 | 10.98 | |
| Resistance 1 (R1) | 10.84 | 10.79 | 10.87 | 10.87 | 10.96 |
| Pivot Point | 10.72 | 10.72 | 10.74 | 10.74 | 10.72 |
| Support 1 (S1) | 10.67 | 10.66 | 10.70 | 10.70 | 10.60 |
| Support 2 (S2) | 10.55 | 10.62 | 10.57 | 10.58 | |
| Support 3 (S3) | 10.50 | 10.55 | 10.57 | ||
| Support 4 (S4) | 10.53 |
