Rafael Holdings, Inc. Stock Forecast

Red day on Friday for Rafael Holdings, Inc.
(Updated on May 03, 2024)

RFL Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rafael Holdings, Inc. 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 $1.66 and $1.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Rafael Holdings, Inc. stock

Rafael Holdings, Inc. finds support from accumulated volume at $1.59 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0900 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 6.44%.

Rafael Holdings, Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (RFL) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Rafael Holdings, Inc. to open at $1.62, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.70, which gives a possible trading interval of +/-$0.0808 (+/-4.99%) up or down from last closing price. If Rafael Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.59 (1.85%) than the resistance at $1.71 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rafael Holdings, Inc. stock A Buy?

Rafael Holdings, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.243 Sell Candidate Unchanged

Predicted Opening Price for Rafael Holdings, Inc. of Monday, May 6, 2024

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