Retail Food Group Limited Stock Forecast
Retail Food Group Limited stock price up 2.56% on Wednesday
(Updated on Jul 03, 2024)
The Retail Food Group Limited stock price gained 2.56% on the last trading day (Wednesday, 3rd Jul 2024), rising from $0.0780 to $0.0800. During the last trading day the stock fluctuated 3.85% from a day low at $0.0780 to a day high of $0.0810. The price has risen in 6 of the last 10 days but is still down by -1.23% for this period. Volume fell on the last day by -6 million shares and in total, 3 million shares were bought and sold for approximately $252.88 thousand. 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 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 $0.0827 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.61% during the next 3 months and, with a 90% probability hold a price between $0.0678 and $0.0882 at the end of this 3-month period.
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RFG.AX Signals & Forecast
The Retail Food Group Limited 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 $0.0786 and $0.0721. 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). 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 Thursday, June 20, 2024, and so far it has fallen -2.44%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Retail Food Group Limited stock
Retail Food Group Limited finds support from accumulated volume at $0.0790 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 $0.0030 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: $0.0774 (-3.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (RFG.AX) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Retail Food Group Limited to open at $0.0797, and during the day (based on 14 day Average True Range), to move between $0.0766 and $0.0834, which gives a possible trading interval of +/-$0.0034 (+/-4.23%) up or down from last closing price. If Retail Food Group Limited takes out the full calculated possible swing range there will be an estimated 8.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0810 (1.25%) than the support at $0.0790 (1.25%), 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 Retail Food Group Limited 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 Retail Food Group Limited stock to perform well in the short-term.
Current score: 1.093 Buy Candidate Unchanged
Predicted Opening Price for Retail Food Group Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $0.0797 ( 0.417%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0827 | 3.33% |
| R2 | 0.0815 | 1.90% |
| R1 | 0.0808 | 1.02% |
| Price | 0.0800 | |
| S1 | 0.0785 | -1.85% |
| S2 | 0.0778 | -2.73% |
| S3 | 0.0767 | -4.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0820 | 2.50% |
| R1 | 0.0810 | 1.25% |
| Price | 0.0800 | |
| S1 | 0.0790 | -1.25% |
| S2 | 0.0720 | -10.00% |
| S3 | 0.0700 | -12.50% |
RFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2017 | Sep 11, 2017 | Oct 17, 2017 | $0.150 | 3.29% |
| 2 | Feb 23, 2017 | Mar 17, 2017 | Apr 10, 2017 | $0.148 | 2.82% |
| 3 | Aug 25, 2016 | Sep 09, 2016 | Oct 07, 2016 | $0.145 | 2.11% |
| 4 | Feb 25, 2016 | Mar 17, 2016 | Apr 07, 2016 | $0.130 | 2.56% |
| 5 | Aug 27, 2015 | Sep 10, 2015 | Oct 09, 2015 | $0.118 | 2.53% |
FAQ
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