Technical Analysis for AFRI - Forafric Global PLC
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 10.19 | 0.30% | 0.03 |
AFRI closed down 1.36 percent on Wednesday, November 20, 2024, on 2.69 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.30% | |
| Death Cross | Bearish | 0.30% | |
| Shooting Star Candlestick | Bearish | 0.30% | |
| Bollinger Band Squeeze | Range Contraction | 0.30% | |
| Calm After Storm | Range Contraction | 0.30% | |
| Doji - Bearish? | Reversal | 0.30% | |
| Doji - Bullish? | Reversal | 0.30% | |
| Lower Bollinger Band Walk | Weakness | 0.30% | |
| BB Squeeze + Lower Band Touch | Range Contraction | 0.30% | |
| Outside Day | Range Expansion | 0.30% |
| Alert | Time |
|---|---|
| 20 DMA Resistance | about 6 hours ago |
| 10 DMA Resistance | about 6 hours ago |
| Fell Below Lower Bollinger Band | about 6 hours ago |
| Up 1% | about 6 hours ago |
| Rose Above Previous Day's High | 1 day ago |
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Basic chart:
- 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 | 12.0 |
| 52 Week Low | 9.63 |
| Average Volume | 7,908 |
| 200-Day Moving Average | 10.73 |
| 50-Day Moving Average | 10.72 |
| 20-Day Moving Average | 10.37 |
| 10-Day Moving Average | 10.31 |
| Average True Range | 0.32 |
| RSI (14) | 40.83 |
| ADX | 15.89 |
| +DI | 21.21 |
| -DI | 15.62 |
| Chandelier Exit (Long, 3 ATRs) | 10.24 |
| Chandelier Exit (Short, 3 ATRs) | 10.98 |
| Upper Bollinger Bands | 10.64 |
| Lower Bollinger Band | 10.09 |
| Percent B (%b) | 0.13 |
| BandWidth | 5.37 |
| MACD Line | -0.13 |
| MACD Signal Line | -0.13 |
| MACD Histogram | -0.0026 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.96 | ||||
| Resistance 3 (R3) | 11.00 | 10.78 | 10.83 | ||
| Resistance 2 (R2) | 10.78 | 10.57 | 10.75 | 10.78 | |
| Resistance 1 (R1) | 10.47 | 10.45 | 10.36 | 10.43 | 10.74 |
| Pivot Point | 10.24 | 10.24 | 10.19 | 10.22 | 10.24 |
| Support 1 (S1) | 9.93 | 10.04 | 9.82 | 9.89 | 9.58 |
| Support 2 (S2) | 9.71 | 9.91 | 9.69 | 9.54 | |
| Support 3 (S3) | 9.40 | 9.71 | 9.49 | ||
| Support 4 (S4) | 9.36 |
