Revelation Biosciences, Inc. Stock Forecast
High volatility in Revelation Biosciences, Inc. stock price on Monday which ended trading at $0.0159
(Updated on Jun 17, 2024)
The Revelation Biosciences, Inc. stock price gained 24.22% on the last trading day (Monday, 17th Jun 2024), rising from $0.0128 to $0.0159. During the last trading day the stock fluctuated 23.26% from a day low at $0.0129 to a day high of $0.0159. The price has risen in 6 of the last 10 days and is up by 24.22% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 201 shares were bought and sold for approximately $3.20 . 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.
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 -30.40% during the next 3 months and, with a 90% probability hold a price between $0.0050 and $0.0150 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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REVBW Signals & Forecast
The Revelation Biosciences, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0140 and $0.0150. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 25.20%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Revelation Biosciences, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0140 and $0.0133. 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, Revelation Biosciences, Inc. finds support just below today's level at $0.0140. If this is broken, then the next support from accumulated volume will be at $0.0133 and $0.0130.
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 $0.0030 between high and low, or 23.26%. For the last week the stock has had daily average volatility of 32.74%.
Our recommended stop-loss: $0.0153 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (REVBW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Revelation Biosciences, Inc. to open at $0.0149, and during the day (based on 14 day Average True Range), to move between $0.0125 and $0.0193, which gives a possible trading interval of +/-$0.0034 (+/-21.35%) up or down from last closing price. If Revelation Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 42.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0160 (0.63%) than the support at $0.0140 (11.95%), 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 Revelation Biosciences, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.561 Buy Candidate Upgraded
Predicted Opening Price for Revelation Biosciences, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0149 ( 6.29%) | $0.0159 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REVBW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0179 | 12.58% |
| R2 | 0.0168 | 5.37% |
| R1 | 0.0160 | 0.92% |
| Price | 0.0159 | |
| S1 | 0.0138 | -13.50% |
| S2 | 0.0130 | -17.95% |
| S3 | 0.0119 | -25.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0166 | 4.40% |
| R2 | 0.0162 | 1.89% |
| R1 | 0.0160 | 0.629% |
| Price | 0.0159 | |
| S1 | 0.0140 | -11.95% |
| S2 | 0.0133 | -16.35% |
| S3 | 0.0130 | -18.24% |
FAQ
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