Repro Med Systems, Inc. Stock Forecast
Weaker technical forecast for Repro Med Systems, Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Repro Med Systems, Inc. stock price gained 2.80% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.14 to $2.20. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.10% from a day low at $2.13 to a day high of $2.26. The price has risen in 6 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 79 thousand shares were bought and sold for approximately $174.52 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 5.59% during the next 3 months and, with a 90% probability hold a price between $2.18 and $2.66 at the end of this 3-month period.
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KRMD Signals & Forecast
There are mixed signals in the stock today. The Repro Med Systems, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.21. On a fall, the stock will find some support from the short-term average at $2.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.80%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Repro Med Systems, Inc. stock
Repro Med Systems, Inc. finds support from accumulated volume at $2.15 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 6.10%. For the last week the stock has had daily average volatility of 5.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KRMD) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Repro Med Systems, Inc. to open at $2.20, and during the day (based on 14 day Average True Range), to move between $2.06 and $2.34, which gives a possible trading interval of +/-$0.144 (+/-6.52%) up or down from last closing price. If Repro Med Systems, Inc. takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.15 (2.27%) than the resistance at $2.28 (3.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Repro Med Systems, Inc. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0400. We will update the financials statements for Repro Med Systems, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.76% in the first trading day after earnings release.
Is Repro Med Systems, Inc. stock A Buy?
Repro Med Systems, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.245 Sell Candidate Downgraded
Predicted Opening Price for Repro Med Systems, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $2.20 ( 0.152%) | $2.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.33 | 5.76 % | |
| R2 | 2.28 | 3.50 % | ||
| R1 | 2.25 | 2.11 % | ||
| Current price: | 2.20 | |||
| Support | S1 | 2.15 | -2.41 % | |
| S2 | 2.12 | -3.80 % | ||
| S3 | 2.07 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.40 | 9.09 % | |
| R2 | 2.36 | 7.27 % | ||
| R1 | 2.28 | 3.41 % | ||
| Current price | 2.20 | |||
| Support | S1 | 2.15 | -2.27% | |
| S2 | 2.11 | -4.09% | ||
| S3 | 2.08 | -5.45% |
FAQ
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