RENN Global Entrepreneurs Fund, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
RENN Global Entrepreneurs Fund, Inc stock upgraded to Hold/Accumulate.
(Updated on May 06, 2024)
The RENN Global Entrepreneurs Fund, Inc stock price fell by -2.13% on the last day (Monday, 6th May 2024) from $1.64 to $1.60. During the last trading day the stock fluctuated 1.25% from a day low at $1.60 to a day high of $1.62. The price has fallen in 5 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day by 114 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 992 shares were bought and sold for approximately $1.59 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect RENN Global Entrepreneurs Fund, Inc stock with a 90% probability to be traded between $1.58 and $1.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RCG Signals & Forecast
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 RENN Global Entrepreneurs Fund, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.61 and $1.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.94%. Further fall is indicated until a new bottom pivot has been found. RENN Global Entrepreneurs Fund, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, March 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, March 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for RENN Global Entrepreneurs Fund, Inc stock
RENN Global Entrepreneurs Fund, Inc finds support from accumulated volume at $1.59 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $1.53 (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RCG) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect RENN Global Entrepreneurs Fund, Inc to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.66, which gives a possible trading interval of +/-$0.0568 (+/-3.55%) up or down from last closing price. If RENN Global Entrepreneurs Fund, Inc takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.59 (0.63%) than the resistance at $1.63 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RENN Global Entrepreneurs Fund, Inc stock A Buy?
RENN Global Entrepreneurs Fund, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.005 Hold/Accumulate Upgraded
Predicted Opening Price for RENN Global Entrepreneurs Fund, Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $1.61 ( 0.412%) | $1.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.63 | 1.66 % | |
| R2 | 1.62 | 1.18 % | ||
| R1 | 1.61 | 0.89 % | ||
| Current price: | 1.60 | |||
| Support | S1 | 1.60 | -0.0650 % | |
| S2 | 1.59 | -0.360 % | ||
| S3 | 1.59 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 4.16 % | |
| R2 | 1.64 | 2.49 % | ||
| R1 | 1.63 | 1.87 % | ||
| Current price | 1.60 | |||
| Support | S1 | 1.59 | -0.631% | |
| S2 | 1.58 | -1.26% | ||
| S3 | 1.57 | -1.88% |
RCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0150 | 0.88% |
| 2 | Dec 22, 2022 | Dec 22, 2022 | Oct 22, 2008 | $0.0060 | 0.175% |
| 3 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | $0.0040 | 0.217% |
| 4 | Dec 21, 2021 | Dec 21, 2021 | Dec 30, 2021 | $0.0226 | 0.84% |
| 5 | Dec 20, 2021 | Dec 20, 2021 | Dec 20, 2021 | $0.0230 | 0.83% |
FAQ
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