Rain City Resources Inc Stock Forecast

Volatile ride for Rain City Resources Inc stock price on Friday moving between $0.100 and $0.130
(Updated on Jun 28, 2024)

RAIN.CN Signals & Forecast

The Rain City Resources Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.108. On a fall, the stock will find some support from the long-term average at approximately $0.0619. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -23.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rain City Resources Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0950 and $0.0900. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0900 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0300 between high and low, or 30.00%. For the last week the stock has had daily average volatility of 22.02%.

Our recommended stop-loss: $0.0941 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (RAIN.CN) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Rain City Resources Inc to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0793 and $0.121, which gives a possible trading interval of +/-$0.0207 (+/-20.68%) up or down from last closing price. If Rain City Resources Inc takes out the full calculated possible swing range there will be an estimated 41.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0950 (5.00%) than the resistance at $0.110 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rain City Resources Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rain City Resources Inc stock to perform well in the short-term.

Current score: 1.644 Buy Candidate Unchanged

Predicted Opening Price for Rain City Resources Inc of Tuesday, July 2, 2024

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