Rainmaker Worldwide Inc Stock Forecast

Red day on Friday for Rainmaker Worldwide Inc stock after losing 0%
(Updated on Jun 28, 2024)

RAKR Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Rainmaker Worldwide Inc 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 $0.0015 and $0.0016. 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 Rainmaker Worldwide Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 3.08%.

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

Trading Expectations (RAKR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Rainmaker Worldwide Inc to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0014, which gives a possible trading interval of +/-$0.00009655 (+/-7.43%) up or down from last closing price. If Rainmaker Worldwide Inc takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0014, some $0.0001 (7.69%) from the current price of $0.0013, our system finds the risk reward not very attractive.

Is Rainmaker Worldwide Inc stock A Buy?

Rainmaker Worldwide Inc 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.

Current score: -4.810 Sell Candidate Unchanged

Predicted Opening Price for Rainmaker Worldwide Inc of Monday, July 1, 2024

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