RadioShack USD Stock Forecast

RadioShack USD stock price up more than 7.50% on Tuesday
(Updated on Jun 25, 2024)

RADIOUSD Signals & Forecast

There are few to no technical positive signals at the moment. The RadioShack USD 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 $0.0005 and $0.0005. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -20.50%. 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). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for RadioShack USD stock

RadioShack USD finds support from accumulated volume at $0.0005 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 $0.000021 between high and low, or 4.65%. For the last week the stock has had daily average volatility of 10.10%.

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

Trading Expectations (RADIOUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect RadioShack USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00006142 (+/-12.98%) up or down from last closing price. If RadioShack USD takes out the full calculated possible swing range there will be an estimated 25.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0005 (0.42%) than the support at $0.0005 (0.42%), 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 RadioShack USD stock A Buy?

RadioShack USD 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: -2.509 Sell Candidate Upgraded

Predicted Opening Price for RadioShack USD of Wednesday, June 26, 2024

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