Jeffs' Brands Ltd Stock Forecast

High volatility in Jeffs' Brands Ltd stock price on Friday which ended trading at $0.263
(Updated on Apr 26, 2024)

JFBR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 2.82%. Further rise is indicated until a new top pivot has been found. Jeffs' Brands Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jeffs' Brands Ltd 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 $0.278 and $0.390. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Jeffs' Brands Ltd stock

Jeffs' Brands Ltd finds support from accumulated volume at $0.256 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0437 between high and low, or 16.89%. For the last week, the stock has had daily average volatility of 15.16%.

Jeffs' Brands Ltd is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (JFBR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Jeffs' Brands Ltd to open at $0.275, and during the day (based on 14 day Average True Range), to move between $0.206 and $0.319, which gives a possible trading interval of +/-$0.0565 (+/-21.53%) up or down from last closing price. If Jeffs' Brands Ltd takes out the full calculated possible swing range there will be an estimated 43.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.256 (2.36%) than the resistance at $0.275 (4.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jeffs' Brands Ltd stock A Buy?

Jeffs' Brands Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.783 Sell Candidate Upgraded

Predicted Opening Price for Jeffs' Brands Ltd of Monday, April 29, 2024

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