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 RERE
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A very strong day for AiHuiShou International Co. Ltd. stock price on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The AiHuiShou International Co. Ltd. stock price gained 6.67% on the last trading day (Thursday, 28th Mar 2024), rising from $1.65 to $1.76. During the last trading day the stock fluctuated 6.67% from a day low at $1.65 to a day high of $1.76. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 355 thousand more shares were traded than the day before. In total, 560 thousand shares were bought and sold for approximately $985.71 thousand.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.34% during the next 3 months and, with a 90% probability hold a price between $1.19 and $1.99 at the end of this 3-month period.

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RERE Signals & Forecast

The AiHuiShou International Co. Ltd. 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 $1.71 and $1.35. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AiHuiShou International Co. Ltd. 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. Higher liquidity also reduces the general risk. 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, March 19, 2024, and so far it has fallen -4.35%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for AiHuiShou International Co. Ltd. stock

AiHuiShou International Co. Ltd. finds support from accumulated volume at $1.68 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 $0.110 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 6.48%.

The AiHuiShou International Co. Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $1.68 (-4.53%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect AiHuiShou International Co. Ltd. to open at $1.72, and during the day (based on 14 day Average True Range), to move between $1.66 and $1.86, which gives a possible trading interval of +/-$0.104 (+/-5.91%) up or down from last closing price. If AiHuiShou International Co. Ltd. takes out the full calculated possible swing range there will be an estimated 11.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.80 (2.27%) than the support at $1.68 (4.55%), 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 AiHuiShou International Co. Ltd. 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 AiHuiShou International Co. Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.374 Buy Candidate Upgraded

Predicted Opening Price for AiHuiShou International Co. Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.72 ( 2.08%) $1.76

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

Trading levels for RERE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.83 4.17 %
R2 1.79 1.78 %
R1 1.77 0.304 %
Current price: 1.76
Support S1 1.68 -4.47 %
S2 1.66 -5.95 %
S3 1.61 -8.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.84 4.55 %
R2 1.81 2.84 %
R1 1.80 2.27 %
Current price 1.76
Support S1 1.68 -4.55%
S2 1.59 -9.66%
S3 1.51 -14.20%

FAQ

What is the symbol for AiHuiShou International Co. Ltd. Stock and on which exchange is it traded?
The symbol for AiHuiShou International Co. Ltd. is RERE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell AiHuiShou International Co. Ltd. Stock?
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 AiHuiShou International Co. Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of AiHuiShou International Co. Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an AiHuiShou International Co. Ltd. (RERE) share was $1.76.

What is the 52-week high and low for AiHuiShou International Co. Ltd. Stock?
The 52-week high for AiHuiShou International Co. Ltd. Stock is $3.30 and the 52-week low is $1.01.

What is the market capitalization of AiHuiShou International Co. Ltd. Stock?
As of the 2024-03-28, the market capitalization of AiHuiShou International Co. Ltd. is 384.771M.

When is the next earnings date for AiHuiShou International Co. Ltd.?
The upcoming earnings date for AiHuiShou International Co. Ltd. is May 28, 2024.
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About AiHuiShou International Co. Ltd.

AiHuiShou International Co. Ltd. ATRenew Inc., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. As of December 31, 2021, it operated 1,287 AHS ... RERE Profile

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