Rocky Mountain High Brands, Inc. Stock Forecast
High volatility in
Rocky Mountain High Brands, Inc. stock price on Thursday which ended trading at $0.0101
(Updated on Apr 18, 2024)
The Rocky Mountain High Brands, Inc. stock price gained 1.00% on the last trading day (Thursday, 18th Apr 2024), rising from $0.0100 to $0.0101. During the last trading day the stock fluctuated 38.61% from a day low at $0.0101 to a day high of $0.0140. The price has fallen in 4 of the last 10 days and is down by -30.34% for this period. Volume fell on the last day by -430 thousand shares and in total, 16 thousand shares were bought and sold for approximately $160.56 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 115.34% during the next 3 months and, with a 90% probability hold a price between $0.0217 and $0.0511 at the end of this 3-month period.
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RMHB Signals & Forecast
There are few to no technical positive signals at the moment. The Rocky Mountain High Brands, 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 $0.0113 and $0.0122. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -43.89%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rocky Mountain High Brands, Inc. stock
Rocky Mountain High Brands, Inc. finds support from accumulated volume at $0.0100 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0039 between high and low, or 38.61%. For the last week the stock has had daily average volatility of 30.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RMHB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Rocky Mountain High Brands, Inc. to open at $0.0114, and during the day (based on 14 day Average True Range), to move between $0.0063 and $0.0139, which gives a possible trading interval of +/-$0.0038 (+/-37.14%) up or down from last closing price. If Rocky Mountain High Brands, Inc. takes out the full calculated possible swing range there will be an estimated 74.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0100 (0.99%) than the resistance at $0.0102 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rocky Mountain High Brands, Inc. stock A Buy?
The Rocky Mountain High Brands, Inc. stock holds several negative signals and despite the positive trend, we believe Rocky Mountain High Brands, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.658 Sell Candidate Unchanged
Predicted Opening Price for Rocky Mountain High Brands, Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.0114 ( 12.87%) | $0.0101 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RMHB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0153 | 51.49 % | |
| R2 | 0.0138 | 36.73 % | ||
| R1 | 0.0129 | 27.62 % | ||
| Current price: | 0.0101 | |||
| Support | S1 | 0.0099 | -1.88 % | |
| S2 | 0.0090 | -10.99 % | ||
| S3 | 0.0075 | -25.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0125 | 23.76 % | |
| R2 | 0.0110 | 8.91 % | ||
| R1 | 0.0102 | 0.99 % | ||
| Current price | 0.0101 | |||
| Support | S1 | 0.0100 | -0.99% | |
| S2 | 0.0090 | -10.89% | ||
| S3 | 0.0080 | -20.79% |
FAQ
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