The Realreal Inc Stock Forecast
The Realreal Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The The Realreal Inc stock price fell by -1.59% on the last day (Friday, 19th Apr 2024) from $3.15 to $3.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.58% from a day low at $3.06 to a day high of $3.20. The price has fallen in 7 of the last 10 days and is down by -12.55% for this period. Volume has increased on the last day by 177 thousand 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, 1 million shares were bought and sold for approximately $3.58 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 101.89% during the next 3 months and, with a 90% probability hold a price between $5.97 and $8.99 at the end of this 3-month period.
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REAL Signals & Forecast
There are few to no technical positive signals at the moment. The The Realreal 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 $3.20 and $3.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -20.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for The Realreal Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.76. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.140 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 5.86%.
The Realreal Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $2.93 (-5.64%) (This stock has high daily movements and this gives high risk. Low RSI14 is 18 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (REAL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect The Realreal Inc to open at $3.12, and during the day (based on 14 day Average True Range), to move between $2.88 and $3.32, which gives a possible trading interval of +/-$0.225 (+/-7.25%) up or down from last closing price. If The Realreal Inc takes out the full calculated possible swing range there will be an estimated 14.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.20 (3.23%) than the support at $2.76 (10.97%), 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 The Realreal Inc stock A Buy?
The Realreal 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: -0.775 Hold/Accumulate Upgraded
Predicted Opening Price for The Realreal Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.12 ( 0.645%) | $3.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.26 | 5.16 % | |
| R2 | 3.21 | 3.44 % | ||
| R1 | 3.17 | 2.37 % | ||
| Current price: | 3.10 | |||
| Support | S1 | 3.07 | -1.08 % | |
| S2 | 3.03 | -2.15 % | ||
| S3 | 2.98 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.73 | 20.32 % | |
| R2 | 3.66 | 18.06 % | ||
| R1 | 3.20 | 3.23 % | ||
| Current price | 3.10 | |||
| Support | S1 | 2.76 | -10.97% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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