Regen Biopharma Inc Stock Forecast
Big movements in Regen Biopharma Inc stock price on Wednesday moving 14.04% between high and low
(Updated on Apr 17, 2024)
The Regen Biopharma Inc stock price fell by -1.05% on the last day (Wednesday, 17th Apr 2024) from $0.574 to $0.568. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 14.04% from a day low at $0.568 to a day high of $0.648. The price has fallen in 7 of the last 10 days and is down by -28.94% 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 -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately $1.13 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 -26.47% during the next 3 months and, with a 90% probability hold a price between $0.269 and $0.580 at the end of this 3-month period.
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RGBP Signals & Forecast
There are few to no technical positive signals at the moment. The Regen Biopharma 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 $0.617 and $0.741. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 25, 2024, and so far it has fallen -45.92%. 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 Regen Biopharma Inc 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.
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 $0.0797 between high and low, or 14.04%. For the last week the stock has had daily average volatility of 18.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGBP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Regen Biopharma Inc to open at $0.594, and during the day (based on 14 day Average True Range), to move between $0.448 and $0.687, which gives a possible trading interval of +/-$0.120 (+/-21.08%) up or down from last closing price. If Regen Biopharma Inc takes out the full calculated possible swing range there will be an estimated 42.15% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.610, some $0.0422 (7.43%) from the current price of $0.568, our system finds the risk reward not very attractive.
Is Regen Biopharma Inc stock A Buy?
Regen Biopharma Inc 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: -5.783 Strong Sell Candidate Unchanged
Predicted Opening Price for Regen Biopharma Inc of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$0.594 ( 4.68%) | $0.568 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGBP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.674 | 18.72 % | |
R2 | 0.644 | 13.35 % | ||
R1 | 0.625 | 10.04 % | ||
Current price: | 0.568 | |||
Support | S1 | 0.564 | -0.683 % | |
S2 | 0.545 | -4.00 % | ||
S3 | 0.515 | -9.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.690 | 21.52 % | |
R2 | 0.650 | 14.48 % | ||
R1 | 0.610 | 7.43 % | ||
Current price | 0.568 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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