Republic First Bancorp Stock Forecast

Volatile ride for Republic First Bancorp stock price on Friday moving between $0.0050 and $0.0125
(Updated on May 03, 2024)

FRBK Signals & Forecast

There are few to no technical positive signals at the moment. The Republic First Bancorp 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 $0.0130 and $0.0127. 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 -70.00%. 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). 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.

Buy

Special Signal Notification

Double Bottom Formation

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 288.44% to $0.0350 within 20 trading days since signal was issued (Monday, May 06, 2024).

Support, Risk & Stop-loss for Republic First Bancorp stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0070. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.0075 between high and low, or 150.00%. For the last week, the stock has had daily average volatility of 290.88%.

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 Monday 6th

For the upcoming trading day on Monday, 6th we expect Republic First Bancorp to open at $0.0088, and during the day (based on 14 day Average True Range), to move between -$0.0001 and $0.0181, which gives a possible trading interval of +/-$0.0091 (+/-101.31%) up or down from last closing price. If Republic First Bancorp takes out the full calculated possible swing range there will be an estimated 202.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0098 (8.89%) than the support at $0.0070 (22.22%), 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 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: -6.170 Strong Sell Candidate Unchanged

Predicted Opening Price for Republic First Bancorp of Monday, May 6, 2024

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