Rex Energy Corporation Fund Forecast
Red day on Friday for Rex Energy Corporation fund after losing 0%
(Updated on May 25, 2018)
No changes to the price of Rex Energy Corporation fund on the last trading day (Friday, 25th May 2018). During the last trading day the fund fluctuated 0% from a day low at $0.245 to a day high of $0.245. The price has fallen in 4 of the last 10 days and is down by -70.83% for this period.
The fund lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.141 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the fund is expected to fall -37.40% during the next 3 months and, with a 90% probability hold a price between $0.0885 and $0.511 at the end of this 3-month period.
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REXX Signals & Forecast
There are few to no technical positive signals at the moment. The Rex Energy Corporation fund 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 $0.276 and $0.653. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 24, 2018, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rex Energy Corporation fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 14.48%
Rex Energy Corporation is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REXX) For The Upcoming Trading Day Of Tuesday 29th
For the upcoming trading day on Tuesday, 29th we expect Rex Energy Corporation to open at $0.245, and during the day (based on 14 day Average True Range), to move between $0.135 and $0.355, which gives a possible trading interval of +/-$0.110 (+/-44.89%) up or down from last closing price. If Rex Energy Corporation takes out the full calculated possible swing range there will be an estimated 89.78% move between the lowest and the highest trading price during the day.
Is Rex Energy Corporation fund A Buy?
Rex Energy Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -6.820 Strong Sell Candidate Unchanged
Predicted Opening Price for Rex Energy Corporation of Tuesday, May 29, 2018
Fair opening price May 29, 2018 | Current price |
---|---|
$0.245 ( 0%) | $0.245 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REXX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.245 | . | |
R2 | 0.245 | . | ||
R1 | 0.245 | . | ||
Current price: | 0.245 | |||
Support | S1 | 0.245 | . | |
S2 | 0.245 | . | ||
S3 | 0.245 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.245 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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