Republic First Bancorp Stock Forecast
Big movements in Republic First Bancorp stock price on Monday moving 900.00% between high and low
(Updated on Apr 29, 2024)
The Republic First Bancorp stock price fell by -18.33% on the last day (Monday, 29th Apr 2024) from $0.0120 to $0.0098. During the last trading day the stock fluctuated 900.00% from a day low at $0.0010 to a day high of $0.0100. The price has fallen in 5 of the last 10 days and is down by -6.67% for this period. Volume has increased on the last day by 2 million 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, 2 million shares were bought and sold for approximately $20.45 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FRBK 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 Republic First Bancorp 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 $0.0134 and $0.0142. 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 -67.33%. Further fall is indicated until a new bottom pivot has been found. Republic First Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should go up by 256.73% to $0.0350 within 20 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for Republic First Bancorp 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0090 between high and low, or 900.00%. For the last week, the stock has had daily average volatility of 210.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRBK) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Republic First Bancorp to open at $0.0069, and during the day (based on 14 day Average True Range), to move between -$0.0002 and $0.0198, which gives a possible trading interval of +/-$0.0100 (+/-101.85%) up or down from last closing price. If Republic First Bancorp takes out the full calculated possible swing range there will be an estimated 203.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0101, some $0.0003 (3.06%) from the current price of $0.0098, our system finds the risk reward not very attractive.
Earnings coming up
Republic First Bancorp will release earnings -- on Tuesday, April 30, 2024. We will update the financials statements for Republic First Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.21% in the first trading day after earnings release.
Is Republic First Bancorp stock A Buy?
Republic First Bancorp 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: -7.025 Strong Sell Candidate Unchanged
Predicted Opening Price for Republic First Bancorp of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.0069 ( 29.25%) | $0.0098 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0159 | 62.59 % | |
| R2 | 0.0125 | 27.50 % | ||
| R1 | 0.0104 | 5.83 % | ||
| Current price: | 0.0098 | |||
| Support | S1 | 0.0035 | -64.33 % | |
| S2 | 0.0014 | -86.01 % | ||
| S3 | -0.0021 | -121.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0105 | 7.14 % | |
| R2 | 0.0102 | 3.57 % | ||
| R1 | 0.0101 | 3.06 % | ||
| Current price | 0.0098 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FRBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2005 | Feb 01, 2005 | Feb 01, 2005 | $1.65 | 14.78% |
FAQ
Click here for our free guide on how to buy Republic First Bancorp Stock.
