Redbox Stock Forecast
Redbox stock price down 0% on Tuesday
(Updated on Aug 16, 2022)
No changes to the price of Redbox stock on the last trading day (Tuesday, 16th Aug 2022). During the last trading day the stock fluctuated 0% from a day low at $1.65 to a day high of $1.65. The price has fallen in 5 of the last 10 days and is down by -62.16% for this period.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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RDBX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, August 10, 2022, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Redbox 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 $4.61. A break-up above any of these levels will issue buy signals. 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 Redbox stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 13.58%
Our recommended stop-loss: $1.54 (-6.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (RDBX) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Redbox Entertainment Inc. to open at $1.65, and during the day (based on 14 day Average True Range), to move between $0.791 and $2.51, which gives a possible trading interval of +/-$0.86 (+/-52.08%) up or down from last closing price. If Redbox Entertainment Inc. takes out the full calculated possible swing range there will be an estimated 104.17% move between the lowest and the highest trading price during the day.
Is Redbox Entertainment Inc. stock A Buy?
Redbox holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Redbox Entertainment Inc. of Wednesday, August 17, 2022
Fair opening price August 17, 2022 | Current price |
---|---|
$1.65 ( 0.00000000%) | $1.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RDBX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.65 | 0.00000000 % | |
R2 | 1.65 | 0.00000000 % | ||
R1 | 1.65 | 0.00000000 % | ||
Current price: | 1.65 | |||
Support | S1 | 1.65 | 0.00000000 % | |
S2 | 1.65 | 0.00000000 % | ||
S3 | 1.65 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.65 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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