RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of REED
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Reeds stock price up more than 9.87% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Gain 0.12% PDF

The Reeds stock price gained 9.87% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.54 to $1.69. During the last trading day the stock fluctuated 5.59% from a day low at $1.61 to a day high of $1.70. The price has fallen in 5 of the last 10 days but is still up by 8.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 820 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $3.29 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.91% during the next 3 months and, with a 90% probability hold a price between $1.30 and $1.63 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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REED Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Reeds has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reeds stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.72. On a fall, the stock will find some support from the short-term average at $1.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -4.94%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Reeds stock

Reeds finds support from accumulated volume at $1.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0900 between high and low, or 5.59%. For the last week, the stock has had daily average volatility of 8.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (REED) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Reeds to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.52 and $1.86, which gives a possible trading interval of +/-$0.171 (+/-10.09%) up or down from last closing price. If Reeds takes out the full calculated possible swing range there will be an estimated 20.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.64 (3.07%) than the resistance at $1.78 (5.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reeds stock A Buy?

Reeds holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.205 Sell Candidate Unchanged

Predicted Opening Price for Reeds of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.67 ( 1.46%) $1.69

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for REED

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.76 3.86 %
R2 1.72 1.83 %
R1 1.70 0.574 %
Current price: 1.69
Support S1 1.63 -3.49 %
S2 1.61 -4.75 %
S3 1.58 -6.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.97 16.43 %
R2 1.89 11.41 %
R1 1.78 5.20 %
Current price 1.69
Support S1 1.64 -3.07%
S2 1.63 -3.66%
S3 1.59 -6.32%

FAQ

What is the symbol for Reeds Stock and on which exchange is it traded?
The symbol for Reeds is REED and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Reeds Stock?
Reeds holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Reeds Stock?
Reeds Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Reeds Stock.

What's the current price of Reeds Stock?
As of the end of day on the 2024-03-27, the price of an Reeds (REED) share was $1.69.

What is the 52-week high and low for Reeds Stock?
The 52-week high for Reeds Stock is $3.90 and the 52-week low is $1.35.

What is the market capitalization of Reeds Stock?
As of the 2024-03-27, the market capitalization of Reeds is 6.42M.

When is the next earnings date for Reeds?
The upcoming earnings date for Reeds is Apr 03, 2024.
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About Reeds

Reeds Reed's, Inc. engages in the manufacture and distribution of natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. It offers Reed's craft ginger beers; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; ginger candy; and other ginger beverages under the Reed's brand. Reed's, Inc. sells its products to natural food and gourmet ... REED Profile

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