The Realreal Inc Stock Forecast
Weaker technical forecast for The Realreal Inc as stock downgraded to Buy Candidate.
(Updated on May 02, 2024)
The The Realreal Inc stock price fell by -3.58% on the last day (Thursday, 2nd May 2024) from $3.91 to $3.77. During the last trading day the stock fluctuated 8.92% from a day low at $3.70 to a day high of $4.03. The price has risen in 5 of the last 10 days and is up by 19.68% over the past 2 weeks. 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 -662 thousand shares and in total, 2 million shares were bought and sold for approximately $8.49 million.
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 104.04% during the next 3 months and, with a 90% probability hold a price between $6.55 and $8.45 at the end of this 3-month period.
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REAL Signals & Forecast
The The Realreal Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.68 and $3.49. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 01, 2024, and so far it has fallen -3.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Realreal Inc stock
The Realreal Inc finds support from accumulated volume at $3.73 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.330 between high and low, or 8.92%. For the last week, the stock has had daily average volatility of 7.86%.
Our recommended stop-loss: $3.58 (-5.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (REAL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect The Realreal Inc to open at $3.83, and during the day (based on 14 day Average True Range), to move between $3.53 and $4.01, which gives a possible trading interval of +/-$0.238 (+/-6.32%) up or down from last closing price. If The Realreal Inc takes out the full calculated possible swing range there will be an estimated 12.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.73 (1.06%) than the resistance at $3.84 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The Realreal Inc will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.140. We will update the financials statements for The Realreal Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.33% in the first trading day after earnings release.
Is The Realreal 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 The Realreal Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.051 Buy Candidate Downgraded
Predicted Opening Price for The Realreal Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.83 ( 1.68%) | $3.77 |
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 | 4.16 | 10.43 % | |
| R2 | 4.04 | 7.09 % | ||
| R1 | 3.96 | 5.02 % | ||
| Current price: | 3.77 | |||
| Support | S1 | 3.71 | -1.66 % | |
| S2 | 3.63 | -3.73 % | ||
| S3 | 3.50 | -7.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.91 | 3.71 % | |
| R2 | 3.90 | 3.45 % | ||
| R1 | 3.84 | 1.86 % | ||
| Current price | 3.77 | |||
| Support | S1 | 3.73 | -1.06% | |
| S2 | 3.66 | -2.92% | ||
| S3 | 3.20 | -15.12% |
FAQ
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