Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GFAI stock has been declining steadily for the past 52 weeks, losing 60.27% of its trading value.</a> </li> 
 <li> <span>2</span> <a>Guardforce AI Co. Ltd. market cap surged over 300% in 2023 compared to that in 2022.</a> </li> 
 <li> <span>3</span> <a>At the time of writing, GFAI stock price was below 20,50,100 and 200 day EMAs.</a> </li> 
</ul> 
<p>GFAI stock lost 56.75% of its trading price in the 52 weeks time frame and at press time, it was trading at $4.10. Guardforce AI Co. Ltd. has a market capitalization of $26.114 Million.</p> 
<h2 class="wp-block-heading" id="strong-gfai-stock-price-analysis-strong"><strong>GFAI Stock Price Analysis&nbsp;</strong></h2> 
<p>At the time of writing, GFAI stock price was trading below 20,50,100 and 200 day exponential moving averages. In the weekly and monthly time frames, a decline of 8.29% and 9.09%, respectively, is seen in the Guardforce AI stock price.&nbsp;</p> 
<p>In the 52 weeks time frame, GFAI stock peaked at $36.90 while its lowest traded price was $3.81. The MACD line intersected the signal line below the zero line, reflecting mild negativity.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/UCCNupTdvh_n70XckVd4tHI0eOchH8N7yzhFw5HyarMbw2IAC3FwJRUpIr6QM00dD4dECgi-38lPg4fsI8rdm70_gTGm-SqRLA7zp2osruHtS5-cEg7zI3jGXbME4gaid2qi_skjJWOPUjPXJDNzZy8" alt="GFAI Stock Lost Over 30% YTD; Despite 300% Surge in Market Cap"> 
  <figcaption class="wp-element-caption">
    Source: GFAI stock price chart from <a href="https://www.tradingview.com/x/lL0E1XII/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The histogram is reflecting bearish accumulation below the zero line, which indicates that the probability of a downturn is high.</p> 
<p>Guardforce AI Co. Limited does not pay dividends to its shareholders.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/07/25/gfai-stock-slipped-24-intraday-negative-chances-of-recovery/" rel="noopener noreferrer nofollow">Guardforce AI Co.,</a> Ltd. engages in the provision of integrated security solutions. It offers a range of security solutions that enhance safety and protection including cash handling security solutions, advanced robotics AI, and information security consulting.</p> 
<h3 class="wp-block-heading" id="strong-guardforce-ai-co-ltd-gfai-financial-updates-strong"><strong>Guardforce AI Co., Ltd. (GFAI) Financial Updates</strong></h3> 
<p>As per estimates, the estimated revenue for Guardforce AI Co. for the first half of 2023 is $28.02 Million and the estimated EPS is negative $2.89.&nbsp;</p> 
<p>In 2023, the company reported $34.48 million in revenue from which its net income was negative $18.56 Million and profit margin was negative 53.85%.</p> 
<p>In long term total liabilities of Guardforce AI Co Limited are $22.95 Million and assets are $26.03 Million.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $3.80 &amp; $3.40&nbsp;</p> 
<p>Resistance Level: $4.48 &amp; $4.63</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>: </h4> 
<p>At the time of writing, GFAI stock was trading below 20,50,100 and 200 day exponential moving averages (EMA). The MACD line and signal line are moving parallel to the signal line below zero line in the negative territory. As per market analysts, if bears continued to dominate, the probability of further decline in the price would rise.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

GFAI Stock Lost Over 30% YTD; Despite 300% Surge in Market Cap

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 22, 2023

Immediate Edge leverages AI to enhance crypto trading

Key Dates Revealed for Binance vs. SEC As Crackdown Intensifies

Can College Skills Keep Pace with the Evolving AI Job Market? Insights from Indeed’s CEO

Breaking: Bybit Shuts Doors in UK as Crypto Rules Tighten

Bitmain comes to the rescue of Core Scientific

Binance’s Bitcoin volume plummets after end of zero-commission trading

Join our free newsletter for daily crypto updates!