Radio One Stock Forecast
Radio One stock price down 2.42% on Wednesday
(Updated on Apr 17, 2024)
The Radio One stock price fell by -2.42% on the last day (Wednesday, 17th Apr 2024) from $2.07 to $2.02. During the last trading day the stock fluctuated 4.52% from a day low at $1.99 to a day high of $2.08. The price has fallen in 5 of the last 10 days and is down by -19.04% 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 -19 thousand shares and in total, 33 thousand shares were bought and sold for approximately $66.57 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.20% during the next 3 months and, with a 90% probability hold a price between $0.680 and $1.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UONE Signals & Forecast
There are few to no technical positive signals at the moment. The Radio One 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 $2.26 and $2.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -25.19%. 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 for Radio One stock
Radio One finds support from accumulated volume at $1.99 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 4.52%. For the last week the stock has had daily average volatility of 6.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UONE) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Radio One Inc to open at $2.03, and during the day (based on 14 day Average True Range), to move between $1.84 and $2.20, which gives a possible trading interval of +/-$0.178 (+/-8.83%) up or down from last closing price. If Radio One Inc takes out the full calculated possible swing range there will be an estimated 17.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.99 (1.49%) than the resistance at $2.09 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Radio One Inc stock A Buy?
Radio One 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 stock.
Current score: -6.380 Strong Sell Candidate Unchanged
Predicted Opening Price for Radio One Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.03 ( 0.495%) | $2.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UONE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.12 | 4.95 % | |
| R2 | 2.09 | 3.25 % | ||
| R1 | 2.06 | 2.20 % | ||
| Current price: | 2.02 | |||
| Support | S1 | 2.00 | -1.21 % | |
| S2 | 1.97 | -2.26 % | ||
| S3 | 1.94 | -3.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.46 | 21.78 % | |
| R2 | 2.30 | 13.86 % | ||
| R1 | 2.09 | 3.47 % | ||
| Current price | 2.02 | |||
| Support | S1 | 1.99 | -1.49% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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