Riskified Ltd. Stock Forecast
Evaluation of Riskified Ltd. stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Riskified Ltd. stock price fell by -0.759% on the last day (Friday, 3rd May 2024) from $5.27 to $5.23. During the last trading day the stock fluctuated 2.98% from a day low at $5.21 to a day high of $5.37. The price has risen in 5 of the last 10 days and is up by 7.39% over the past 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 456 thousand shares were bought and sold for approximately $2.39 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.59% during the next 3 months and, with a 90% probability hold a price between $5.60 and $6.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RSKD Signals & Forecast
The Riskified Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.17 and $5.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -5.08%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Riskified Ltd. stock
Riskified Ltd. finds support from accumulated volume at $5.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.155 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $5.08 (-2.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (RSKD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Riskified Ltd. to open at $5.27, and during the day (based on 14 day Average True Range), to move between $5.06 and $5.40, which gives a possible trading interval of +/-$0.170 (+/-3.24%) up or down from last closing price. If Riskified Ltd. takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.24 (0.19%) than the support at $5.08 (2.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Riskified Ltd. stock A Buy?
Riskified Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.207 Hold/Accumulate Downgraded
Predicted Opening Price for Riskified Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.27 ( 0.733%) | $5.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSKD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.42 | 3.70 % | |
| R2 | 5.36 | 2.56 % | ||
| R1 | 5.33 | 1.87 % | ||
| Current price: | 5.23 | |||
| Support | S1 | 5.21 | -0.399 % | |
| S2 | 5.17 | -1.10 % | ||
| S3 | 5.11 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.32 | 1.72 % | |
| R2 | 5.28 | 0.96 % | ||
| R1 | 5.24 | 0.191 % | ||
| Current price | 5.23 | |||
| Support | S1 | 5.08 | -2.87% | |
| S2 | 5.02 | -4.02% | ||
| S3 | 4.92 | -5.93% |
FAQ
Click here for our free guide on how to buy Riskified Ltd. Stock.
