Reborn Coffee, 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
High volatility in Reborn Coffee, Inc. stock price on Thursday which ended trading at $3.81
(Updated on May 16, 2024)
The Reborn Coffee, Inc. stock price gained 1.60% on the last trading day (Thursday, 16th May 2024), rising from $3.75 to $3.81. During the last trading day the stock fluctuated 18.55% from a day low at $3.45 to a day high of $4.09. The price has risen in 8 of the last 10 days and is up by 188.64% over the past 2 weeks. Volume fell on the last day by -160 thousand shares and in total, 390 thousand shares were bought and sold for approximately $1.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 40.22% during the next 3 months and, with a 90% probability hold a price between $2.50 and $5.34 at the end of this 3-month period.
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REBN Signals & Forecast
The Reborn Coffee, 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 $3.33 and $1.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 277.23%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Reborn Coffee, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.39 and $3.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Reborn Coffee, Inc. finds support just below today's level at $3.39. If this is broken, then the next support from accumulated volume will be at $3.22 and $3.19.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.640 between high and low, or 18.55%. For the last week the stock has had daily average volatility of 30.17%.
Our recommended stop-loss: $3.70 (-2.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (REBN) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Reborn Coffee, Inc. to open at $3.78, and during the day (based on 14 day Average True Range), to move between $3.29 and $4.33, which gives a possible trading interval of +/-$0.519 (+/-13.62%) up or down from last closing price. If Reborn Coffee, Inc. takes out the full calculated possible swing range there will be an estimated 27.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.39, some $0.420 (11.02%) from the current price of $3.81, our system finds the risk reward attractive.
Is Reborn Coffee, 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 Reborn Coffee, 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: 4.838 Buy Candidate Downgraded
Predicted Opening Price for Reborn Coffee, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $3.78 ( 0.700%) | $3.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REBN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.42 | 16.10 % | |
| R2 | 4.18 | 9.68 % | ||
| R1 | 4.03 | 5.72 % | ||
| Current price: | 3.81 | |||
| Support | S1 | 3.54 | -7.12 % | |
| S2 | 3.39 | -11.08 % | ||
| S3 | 3.14 | -17.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.81 | |||
| Support | S1 | 3.39 | -11.02% | |
| S2 | 3.22 | -15.49% | ||
| S3 | 3.19 | -16.27% |
FAQ
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