reAlpha Tech Corp. Stock Forecast

Red day on Friday for reAlpha Tech Corp.
(Updated on May 03, 2024)

AIRE Signals & Forecast

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. The reAlpha Tech Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.13 and $1.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -28.06%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for reAlpha Tech Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.85 and $0.751. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.751 may give a huge drop in the stock price.

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 $0.0500 between high and low, or 5.05%. For the last week the stock has had daily average volatility of 13.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AIRE) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect reAlpha Tech Corp. to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.82 and $1.18, which gives a possible trading interval of +/-$0.179 (+/-17.91%) up or down from last closing price. If reAlpha Tech Corp. takes out the full calculated possible swing range there will be an estimated 35.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.09 (9.00%) than the support at $0.85 (14.80%), 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 reAlpha Tech Corp. stock A Buy?

reAlpha Tech Corp. 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: -3.548 Sell Candidate Unchanged

Predicted Opening Price for reAlpha Tech Corp. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.