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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RFX.AX
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RedFlow Limited stock price ended at $0.0990 on Friday, after losing 0%.
(Updated on Jun 14, 2024)

Sell candidate since May 29, 2024 Loss -1.00% PDF

No changes to the price of RedFlow Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 1.01% from a day low at $0.0990 to a day high of $0.100. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks.

The stock lies in the middle of a 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 -35.30% during the next 3 months and, with a 90% probability hold a price between $0.0580 and $0.0701 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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RFX.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has fallen 0%. 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. The RedFlow 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 $0.100 and $0.105. 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). 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.

Support, Risk & Stop-loss for RedFlow Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0010 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 3.40%.

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

Trading Expectations (RFX.AX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect RedFlow Limited to open at $0.0993, and during the day (based on 14 day Average True Range), to move between $0.0939 and $0.104, which gives a possible trading interval of +/-$0.0051 (+/-5.12%) up or down from last closing price. If RedFlow Limited takes out the full calculated possible swing range there will be an estimated 10.23% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.100, some $0.0010 (1.01%) from the current price of $0.0990, our system finds the risk reward not very attractive.

Is RedFlow Limited stock A Buy?

RedFlow Limited 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: -2.421 Sell Candidate Unchanged

Predicted Opening Price for RedFlow Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.0993 ( 0.337%) $0.0990

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

Trading levels for RFX.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.100 1.35%
R2 0.1000 0.96%
R1 0.0997 0.723%
Price 0.0990
S1 0.0990 -0.0492%
S2 0.0987 -0.288%
S3 0.0983 -0.673%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.110 11.11%
R2 0.105 6.06%
R1 0.100 1.01%
Price 0.0990
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for RedFlow Limited Stock and on which exchange is it traded?
The symbol for RedFlow Limited is RFX.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell RedFlow Limited Stock?
RedFlow Limited 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.

How to buy RedFlow Limited Stock?
RedFlow Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy RedFlow Limited Stock.

What's the current price of RedFlow Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an RedFlow Limited (RFX.AX) share was $0.0990.

What is the 52-week high and low for RedFlow Limited Stock?
The 52-week high for RedFlow Limited Stock is $0.300 and the 52-week low is $0.0990.

What is the market capitalization of RedFlow Limited Stock?
As of the Jun 14, 2024, the market capitalization of RedFlow Limited is 35.212M.

When is the next earnings date for RedFlow Limited?
The upcoming earnings date for RedFlow Limited is Jul 29, 2024.
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About RedFlow Limited

RedFlow Limited RedFlow Limited develops, manufactures, and sells zinc-bromine flowing electrolyte batteries worldwide. The company offers ZBM2, an energy storage system with 10 kilowatt-hours (kWh) capacity; and ZCell, an 10kWh energy storage system for homes and offices. It also provides Large Scale Battery reference platform for deploying ZBM2 zinc-bromine flow batteries in large energy storage systems; and battery management systems. The company's batteries ... RFX.AX Profile

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