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RSI low/high Values: [ 25 - 80 ]
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AI Analysis of RAFA
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Rafarma Pharmaceuticals, Inc. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)

Sell candidate since Jun 25, 2024 PDF

No changes to the price of Rafarma Pharmaceuticals, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0614 to a day high of $0.0614. The price has been going up and down for this period, and there has been a -20.26% loss for the last 2 weeks.

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. Given the current short-term trend, the stock is expected to fall -46.85% during the next 3 months and, with a 90% probability hold a price between $0.0219 and $0.0475 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RAFA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.656%. Further rise is indicated until a new top pivot has been found. 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 Rafarma Pharmaceuticals, 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 $0.0855. On a fall, the stock will find some support from the short-term average at $0.0611. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rafarma Pharmaceuticals, Inc. stock

Rafarma Pharmaceuticals, Inc. finds support from accumulated volume at $0.0610 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

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

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

For the upcoming trading day on Wednesday, 26th we expect Rafarma Pharmaceuticals, Inc. to open at $0.0614, and during the day (based on 14 day Average True Range), to move between $0.0568 and $0.0660, which gives a possible trading interval of +/-$0.0046 (+/-7.44%) up or down from last closing price. If Rafarma Pharmaceuticals, Inc. takes out the full calculated possible swing range there will be an estimated 14.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0610 (0.65%) than the resistance at $0.0670 (9.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rafarma Pharmaceuticals, Inc. stock A Buy?

Rafarma Pharmaceuticals, 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: -2.487 Sell Candidate Downgraded

Predicted Opening Price for Rafarma Pharmaceuticals, Inc. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$0.0614 ( 0%) $0.0614

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

Trading levels for RAFA

Fibonacci Support & Resistance Levels

Level Price
R3 0.0614 -
R2 0.0614 -
R1 0.0614 -
Price 0.0614
S1 0.0614 -
S2 0.0614 -
S3 0.0614 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0.0670 9.12%
Price 0.0614
S1 0.0610 -0.651%
S2 0 -
S3 0 -

FAQ

What is the symbol for Rafarma Pharmaceuticals, Inc. Stock and on which exchange is it traded?
The symbol for Rafarma Pharmaceuticals, Inc. is RAFA and it is traded on the PINK (Pink Sheets).

Should I buy or sell Rafarma Pharmaceuticals, Inc. Stock?
Rafarma Pharmaceuticals, 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.

How to buy Rafarma Pharmaceuticals, Inc. Stock?
Rafarma Pharmaceuticals, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rafarma Pharmaceuticals, Inc. Stock.

What's the current price of Rafarma Pharmaceuticals, Inc. Stock?
As of the end of day on the Jun 25, 2024, the price of an Rafarma Pharmaceuticals, Inc. (RAFA) share was $0.0614.

What is the 52-week high and low for Rafarma Pharmaceuticals, Inc. Stock?
The 52-week high for Rafarma Pharmaceuticals, Inc. Stock is $0.427 and the 52-week low is $0.0610.

What is the market capitalization of Rafarma Pharmaceuticals, Inc. Stock?
As of the Jun 25, 2024, the market capitalization of Rafarma Pharmaceuticals, Inc. is 5.72M.
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