Big movements in Regen Biopharma Inc stock price on Thursday moving 16.67% between high and low
(Updated on Jun 30, 2022)
Buy or Hold candidate since 2022-06-27 Loss -9.80% PDF
The Regen Biopharma Inc stock price gained 2.22% on the last trading day (Thursday, 30th Jun 2022), rising from $0.0045 to $0.0046. During the day the stock fluctuated 16.67% from a day low at $0.0042 to a day high of $0.0049. The price has been going up and down for this period, and there has been a 15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 27 million shares were bought and sold for approximately $125.96 thousand.
The stock lies in the middle of a very 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 -40.27% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0037 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.
Signals & Forecast
The Regen Biopharma Inc 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 $0.0044 and $0.0043. 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). Regen Biopharma Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, May 23, 2022, and so far it has fallen -23.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0007 between high and low, or 16.67%. For the last week, the stock has had a daily average volatility of 24.05%.
Our recommended stop-loss: $0.0043 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations For The Upcoming Trading Day Of Friday 1st
For the upcoming trading day on Friday 1st we expect Regen Biopharma Inc to open at $0.0046, and during day (based on 14 day Average True Range), to move between $0.0039 and $0.0053, which gives a possible trading interval of +/-$0.0007 (+/-14.57%) up or down from last closing price. If Regen Biopharma Inc takes out the full calculated possible swing range there will be an estimated 29.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0044 (4.35%) than the resistance at $0.0049 (6.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regen Biopharma Inc stock A Buy?
Regen Biopharma Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.134Hold/Accumulate Unchanged
Predicted Opening Price for Regen Biopharma Inc of Friday, July 1, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price July 1, 2022||Current price|
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