Technical Analysis for AFRI - Forafric Global PLC
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 11.10 | 2.97% | 0.32 |
AFRI closed up 2.97 percent on Friday, May 24, 2024, on 1.14 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 200 DMA | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| 200 DMA Resistance | Bearish | 2.97% | |
| Pocket Pivot | Bullish Swing Setup | 2.97% | |
| Outside Day | Range Expansion | 2.97% |
| Alert | Time |
|---|---|
| Rose Above Upper Bollinger Band | 3 days ago |
| Rose Above 200 DMA | 3 days ago |
| Up 2% | 3 days ago |
| Up 1% | 3 days ago |
| Upper Bollinger Band Resistance | 3 days 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 | 11.89 |
| 52 Week Low | 9.63 |
| Average Volume | 9,348 |
| 200-Day Moving Average | 10.78 |
| 50-Day Moving Average | 10.47 |
| 20-Day Moving Average | 10.63 |
| 10-Day Moving Average | 10.83 |
| Average True Range | 0.30 |
| RSI (14) | 62.41 |
| ADX | 35.08 |
| +DI | 25.13 |
| -DI | 5.32 |
| Chandelier Exit (Long, 3 ATRs) | 10.27 |
| Chandelier Exit (Short, 3 ATRs) | 11.17 |
| Upper Bollinger Bands | 11.13 |
| Lower Bollinger Band | 10.12 |
| Percent B (%b) | 0.97 |
| BandWidth | 9.57 |
| MACD Line | 0.14 |
| MACD Signal Line | 0.11 |
| MACD Histogram | 0.0349 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 11.29 | ||||
| Resistance 3 (R3) | 11.27 | 11.18 | 11.26 | ||
| Resistance 2 (R2) | 11.18 | 11.14 | 11.19 | 11.25 | |
| Resistance 1 (R1) | 11.14 | 11.11 | 11.16 | 11.16 | 11.24 |
| Pivot Point | 11.06 | 11.06 | 11.07 | 11.07 | 11.06 |
| Support 1 (S1) | 11.02 | 11.01 | 11.04 | 11.04 | 10.96 |
| Support 2 (S2) | 10.93 | 10.98 | 10.94 | 10.95 | |
| Support 3 (S3) | 10.89 | 10.93 | 10.94 | ||
| Support 4 (S4) | 10.91 |
