RSI low/high Values: [ 25 - 75 ]
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AI Analysis of REFR
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Research Frontiers Incorporated stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 19.26% PDF

The Research Frontiers Incorporated stock price fell by -3.70% on the last day (Thursday, 28th Mar 2024) from $1.35 to $1.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.98% from a day low at $1.28 to a day high of $1.37. The price has fallen in 6 of the last 10 days but is still up by 6.56% over the past 2 weeks. Volume has increased on the last day by 16 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, 30 thousand shares were bought and sold for approximately $38.84 thousand.

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 22.04% during the next 3 months and, with a 90% probability hold a price between $1.26 and $1.81 at the end of this 3-month period.

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REFR Signals & Forecast

The Research Frontiers Incorporated 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 $1.32. On a fall, the stock will find some support from the long-term average at approximately $1.14. 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. 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 Monday, March 25, 2024, and so far it has fallen -11.56%. 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). Research Frontiers Incorporated gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Research Frontiers Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.09 and $1.06. 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, Research Frontiers Incorporated finds support just below today's level at $1.09. If this is broken, then the next support from accumulated volume will be at $1.06 and $1.01.

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 $0.0893 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 11.38%.

Our recommended stop-loss: $1.23 (-5.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (REFR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Research Frontiers Incorporated to open at $1.32, and during the day (based on 14 day Average True Range), to move between $1.19 and $1.41, which gives a possible trading interval of +/-$0.107 (+/-8.21%) up or down from last closing price. If Research Frontiers Incorporated takes out the full calculated possible swing range there will be an estimated 16.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.32 (1.54%) than the support at $1.09 (16.15%), 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 Research Frontiers Incorporated stock A Buy?

Research Frontiers Incorporated 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. 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: 0.485 Hold/Accumulate Downgraded

Predicted Opening Price for Research Frontiers Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.32 ( 1.26%) $1.30

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

Trading levels for REFR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.41 8.13 %
R2 1.37 5.51 %
R1 1.35 3.89 %
Current price: 1.30
Support S1 1.28 -1.36 %
S2 1.26 -2.98 %
S3 1.23 -5.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.47 13.08 %
R2 1.38 6.15 %
R1 1.32 1.54 %
Current price 1.30
Support S1 1.09 -16.15%
S2 1.06 -18.46%
S3 1.01 -22.31%

FAQ

What is the symbol for Research Frontiers Incorporated Stock and on which exchange is it traded?
The symbol for Research Frontiers Incorporated is REFR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Research Frontiers Incorporated Stock?
Research Frontiers Incorporated 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. 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.

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

What's the current price of Research Frontiers Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an Research Frontiers Incorporated (REFR) share was $1.30.

What is the 52-week high and low for Research Frontiers Incorporated Stock?
The 52-week high for Research Frontiers Incorporated Stock is $1.85 and the 52-week low is $0.90.

What is the market capitalization of Research Frontiers Incorporated Stock?
As of the 2024-03-28, the market capitalization of Research Frontiers Incorporated is 43.562M.

When is the next earnings date for Research Frontiers Incorporated?
The upcoming earnings date for Research Frontiers Incorporated is May 02, 2024.
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About Research Frontiers Incorporated

Research Frontiersorporated Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. The company develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the f... REFR Profile

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