Struggling With Great Stock Picks? Discover StockInvest.us Top Gems!
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RANI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

High volatility in Rani Therapeutics Holdings, Inc. stock price on Friday which ended trading at $6.31
(Updated on May 10, 2024)

Buy or Hold candidate since Apr 04, 2024 Gain 67.82% PDF

The Rani Therapeutics Holdings, Inc. stock price fell by -6.93% on the last day (Friday, 10th May 2024) from $6.78 to $6.31. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 10.65% from a day low at $6.01 to a day high of $6.65. The price has fallen in 6 of the last 10 days and is down by -5.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -111 thousand shares and in total, 112 thousand shares were bought and sold for approximately $708.28 thousand.

The stock lies in the middle of a very wide and strong 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 95.14% during the next 3 months and, with a 90% probability hold a price between $10.02 and $17.68 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

RANI Signals & Forecast

The Rani Therapeutics Holdings, 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 $6.97. On a fall, the stock will find some support from the long-term average at approximately $5.43. 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. 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 Wednesday, April 17, 2024, and so far it has fallen -19.62%. 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 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.

Support, Risk & Stop-loss for Rani Therapeutics Holdings, Inc. stock

Rani Therapeutics Holdings, Inc. finds support from accumulated volume at $6.05 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 $0.640 between high and low, or 10.65%. For the last week the stock has had daily average volatility of 10.63%.

Our recommended stop-loss: $5.98 (-5.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (RANI) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Rani Therapeutics Holdings, Inc. to open at $6.32, and during the day (based on 14 day Average True Range), to move between $5.62 and $7.00, which gives a possible trading interval of +/-$0.689 (+/-10.92%) up or down from last closing price. If Rani Therapeutics Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 21.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.37 (0.95%) than the support at $6.05 (4.12%), 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 Rani Therapeutics Holdings, 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 Rani Therapeutics Holdings, Inc. stock to perform well in the short-term.

Current score: 1.569 Buy Candidate Unchanged

Predicted Opening Price for Rani Therapeutics Holdings, Inc. of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
$6.32 ( 0.211%) $6.31

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

Trading levels for RANI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.96 10.35 %
R2 6.72 6.48 %
R1 6.57 4.09 %
Current price: 6.31
Support S1 6.08 -3.66 %
S2 5.93 -6.06 %
S3 5.68 -9.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.85 24.41 %
R2 7.15 13.31 %
R1 6.37 0.95 %
Current price 6.31
Support S1 6.05 -4.12%
S2 5.76 -8.72%
S3 5.40 -14.42%

FAQ

What is the symbol for Rani Therapeutics Holdings, Inc. Stock and on which exchange is it traded?
The symbol for Rani Therapeutics Holdings, Inc. is RANI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Rani Therapeutics Holdings, Inc. Stock?
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 Rani Therapeutics Holdings, Inc. stock to perform well in the short-term.

How to buy Rani Therapeutics Holdings, Inc. Stock?
Rani Therapeutics Holdings, 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 Rani Therapeutics Holdings, Inc. Stock.

What's the current price of Rani Therapeutics Holdings, Inc. Stock?
As of the end of day on the May 10, 2024, the price of an Rani Therapeutics Holdings, Inc. (RANI) share was $6.31.

What is the 52-week high and low for Rani Therapeutics Holdings, Inc. Stock?
The 52-week high for Rani Therapeutics Holdings, Inc. Stock is $8.75 and the 52-week low is $1.82.

What is the market capitalization of Rani Therapeutics Holdings, Inc. Stock?
As of the May 10, 2024, the market capitalization of Rani Therapeutics Holdings, Inc. is 318.116M.

When is the next earnings date for Rani Therapeutics Holdings, Inc.?
The upcoming earnings date for Rani Therapeutics Holdings, Inc. is Aug 09, 2024.
Click to get the best stock tips daily for free!

About Rani Therapeutics Holdings, Inc.

Rani Therapeutics Holdings. Rani Therapeutics Holdings, Inc. operates as a clinical stage biotherapeutics company that develops orally administered biologics. The company develops the RaniPill capsule, a platform that is intended to replace subcutaneous or IV injection of biologics with oral dosing. Its product pipeline includes RT-101, an octreotide, which has completed Phase I clinical trial for the treatment of neuroendocrine tumors and acromegaly; RT-105, an anti-TNF-al... RANI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT