Technical Analysis for AFRI - Forafric Global PLC

Grade Last Price % Change Price Change
F 10.31 0.29% 0.03
AFRI closed up 0.29 percent on Friday, November 1, 2024, on 79 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Cup with Handle Other 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 0.29%
MACD Bearish Signal Line Cross Bearish 0.29%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.29%
Cup with Handle Other 0.29%
Stochastic Reached Oversold Weakness 0.29%
Outside Day Range Expansion 0.29%

   Recent Intraday Alerts

Alert Time
Up 2% about 22 hours ago
Possible Inside Day about 22 hours ago
10 DMA Resistance 1 day ago
Up 1% 1 day ago
Rose Above Previous Day's High 2 days ago

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Profile

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.
Classification

Sector: Consumer Defensive
Industry: Farm Products
Keywords: Wheat Pasta Cuisine Food Security Staple Foods Mediterranean Cuisine

Is AFRI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.0
52 Week Low 9.63
Average Volume 9,229
200-Day Moving Average 10.75
50-Day Moving Average 10.93
20-Day Moving Average 10.54
10-Day Moving Average 10.42
Average True Range 0.32
RSI (14) 40.48
ADX 17.54
+DI 14.02
-DI 22.06
Chandelier Exit (Long, 3 ATRs) 10.79
Chandelier Exit (Short, 3 ATRs) 11.02
Upper Bollinger Bands 10.93
Lower Bollinger Band 10.14
Percent B (%b) 0.21
BandWidth 7.49
MACD Line -0.17
MACD Signal Line -0.17
MACD Histogram -0.0022
Fundamentals Value
Market Cap 277.12 Million
Num Shares 26.9 Million
EPS -0.65
Price-to-Earnings (P/E) Ratio -15.86
Price-to-Sales 1.01
Price-to-Book 10.46
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.66
Resistance 3 (R3) 10.68 10.59 10.60
Resistance 2 (R2) 10.59 10.50 10.58 10.58
Resistance 1 (R1) 10.45 10.45 10.52 10.43 10.56
Pivot Point 10.36 10.36 10.40 10.35 10.36
Support 1 (S1) 10.22 10.27 10.29 10.20 10.06
Support 2 (S2) 10.13 10.22 10.12 10.04
Support 3 (S3) 9.99 10.13 10.02
Support 4 (S4) 9.97