To The Moon

$Alfi Inc.(ALF)$

The Alfi, Inc. stock price fell by -2.40% on the last day (Tuesday, 30th Aug 2022) from $1.25 to $1.22. During the last trading day the stock fluctuated 4.17% from a day low at $1.20 to a day high of $1.25. The price has fallen in 5 of the last 10 days and is down by -12.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -444 shares and in total, 25 thousand shares were bought and sold for approximately $31.04 thousand.

Given the current short-term trend, the stock is expected to rise 19.06% during the next 3 months and, with a 90% probability hold a price between $1.45 and $1.83 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Alfi, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.26 and $1.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 12, 2022, and so far it has fallen -18.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Alfi, Inc. finds support from accumulated volume at $1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

$1.21 $1.22 $1.24

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 5.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Wednesday 31st

For the upcoming trading day on Wednesday, 31st we expect Alfi, Inc. to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.31, which gives a possible trading interval of +/-$0.0909 (+/-7.45%) up or down from last closing price. If Alfi, Inc. takes out the full calculated possible swing range there will be an estimated 14.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.21 (0.82%) than the resistance at $1.24 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Insiders are very positive as most new trades are buy in Alfi, Inc.

In the last 5 trades there were 3.36 million shares bought . The last trade was made 26 days ago by Lee Aerospace, Inc. who bough 375 thousand shares. For the period there is more stocks sold than bought, but the most of the latest transactions are buy. This can indicate renewed interest by the insider, but also stock options expiring