The Real Brokerage Inc. Stock Forecast
Volatile ride for The Real Brokerage Inc. stock price on Thursday moving between $3.04 and $3.41
(Updated on Apr 18, 2024)
The The Real Brokerage Inc. stock price fell by -0.595% on the last day (Thursday, 18th Apr 2024) from $3.36 to $3.34. During the last trading day the stock fluctuated 12.01% from a day low at $3.04 to a day high of $3.41. The price has fallen in 5 of the last 10 days and is down by -11.64% for this period. Volume has increased on the last day by 299 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 $3.95 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 $3.08 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 31.67% during the next 3 months and, with a 90% probability hold a price between $4.06 and $5.89 at the end of this 3-month period.
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REAX Signals & Forecast
The The Real Brokerage 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 $3.83. On a fall, the stock will find some support from the long-term average at approximately $3.33. 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. 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 Tuesday, April 09, 2024, and so far it has fallen -23.22%. Further fall is indicated until a new bottom pivot has been found. 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 Real Brokerage Inc. stock
The Real Brokerage Inc. finds support from accumulated volume at $3.30 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.365 between high and low, or 12.01%. For the last week, the stock has had daily average volatility of 10.94%.
Our recommended stop-loss: $3.18 (-4.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (REAX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect The Real Brokerage Inc. to open at $3.26, and during the day (based on 14 day Average True Range), to move between $3.00 and $3.68, which gives a possible trading interval of +/-$0.340 (+/-10.19%) up or down from last closing price. If The Real Brokerage Inc. takes out the full calculated possible swing range there will be an estimated 20.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.30 (1.20%) than the resistance at $3.43 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Real Brokerage Inc. stock A Buy?
The Real Brokerage Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.038 Hold/Accumulate Downgraded
Predicted Opening Price for The Real Brokerage Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.26 ( 2.35%) | $3.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REAX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.63 | 8.58 % | |
| R2 | 3.49 | 4.41 % | ||
| R1 | 3.40 | 1.83 % | ||
| Current price: | 3.34 | |||
| Support | S1 | 3.12 | -6.52 % | |
| S2 | 3.04 | -9.10 % | ||
| S3 | 2.90 | -13.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.09 | 22.46 % | |
| R2 | 3.78 | 13.17 % | ||
| R1 | 3.43 | 2.69 % | ||
| Current price | 3.34 | |||
| Support | S1 | 3.30 | -1.20% | |
| S2 | 3.03 | -9.28% | ||
| S3 | 2.70 | -19.16% |
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