Rf Acquisition Corp. Stock Forecast
Is Rf Acquisition Corp. stock still a buy after falling -8.34% on Friday?
(Updated on Jun 21, 2024)
The Rf Acquisition Corp. stock price fell by -8.34% on the last day (Friday, 21st Jun 2024) from $0.120 to $0.110. During the last trading day the stock fluctuated 0.0910% from a day low at $0.110 to a day high of $0.110. The price has been going up and down for this period, and there has been a 9.9% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately $164.85 .
The stock lies in the middle of a very wide and weak 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 5.32% during the next 3 months and, with a 90% probability hold a price between $0.0936 and $0.197 at the end of this 3-month period.
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RFACR Signals & Forecast
There are few to no technical positive signals at the moment. The Rf Acquisition Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.114 and $0.111. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -38.94%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rf Acquisition Corp. stock
Rf Acquisition Corp. finds support from accumulated volume at $0.108 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 0.0910%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RFACR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Rf Acquisition Corp. to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0937 and $0.126, which gives a possible trading interval of +/-$0.0162 (+/-14.70%) up or down from last closing price. If Rf Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 29.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (0.09%) than the support at $0.108 (1.55%), 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 Rf Acquisition Corp. stock A Buy?
The Rf Acquisition Corp. stock holds several negative signals and despite the positive trend, we believe Rf Acquisition Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -4.054 Sell Candidate Downgraded
Predicted Opening Price for Rf Acquisition Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.110 ( 0.0303%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFACR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 0.121% |
| R2 | 0.110 | 0.0866% |
| R1 | 0.110 | 0.0651% |
| Price | 0.110 | |
| S1 | 0.110 | -0.0044% |
| S2 | 0.110 | -0.0259% |
| S3 | 0.110 | -0.0607% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.120 | 9.19% |
| R2 | 0.120 | 9.10% |
| R1 | 0.110 | 0.0910% |
| Price | 0.110 | |
| S1 | 0.108 | -1.55% |
| S2 | 0.100 | -9.01% |
| S3 | 0.0875 | -20.38% |
FAQ
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