Retail Food Group Limited Stock Forecast

Red day on Tuesday for Retail Food Group Limited stock after losing 0%
(Updated on May 07, 2024)

RFG.AX Signals & Forecast

There are mixed signals in the stock today. The Retail Food Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0703 and $0.0723. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Retail Food Group Limited stock

Retail Food Group Limited finds support from accumulated volume at $0.0690 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0020 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 4.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RFG.AX) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Retail Food Group Limited to open at $0.0707, and during the day (based on 14 day Average True Range), to move between $0.0675 and $0.0725, which gives a possible trading interval of +/-$0.0025 (+/-3.55%) 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 7.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0690 (1.43%) than the resistance at $0.0720 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Retail Food Group Limited stock A Buy?

Retail Food Group Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.140 Sell Candidate Unchanged

Predicted Opening Price for Retail Food Group Limited of Wednesday, May 8, 2024

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