Research Frontiers Incorporated Stock Forecast

Green day on Monday for Research Frontiers Incorporated stock after gaining 1.26%
(Updated on May 06, 2024)

REFR Signals & Forecast

The Research Frontiers Incorporated 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 $1.59 and $1.42. A breakdown below any of these levels will issue sell signals. Research Frontiers Incorporated 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -1.83%. 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).

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

Research Frontiers Incorporated finds support from accumulated volume at $1.59 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 $0.0671 between high and low, or 4.24%. For the last week, the stock has had daily average volatility of 3.41%.

Our recommended stop-loss: $1.54 (-4.14%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (REFR) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Research Frontiers Incorporated to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.52 and $1.70, which gives a possible trading interval of +/-$0.0937 (+/-5.82%) up or down from last closing price. If Research Frontiers Incorporated takes out the full calculated possible swing range there will be an estimated 11.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.59 (1.24%) than the resistance at $1.64 (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..

Is Research Frontiers Incorporated 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 Research Frontiers Incorporated stock to perform well in the short-term.

Current score: 3.503 Buy Candidate Unchanged

Predicted Opening Price for Research Frontiers Incorporated of Tuesday, May 7, 2024

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