Regencell Bioscience Holdings Limited Stock Forecast
Regencell Bioscience Holdings Limited stock downgraded to Strong Sell Candidate
(Updated on Jun 26, 2024)
No changes to the price of Regencell Bioscience Holdings Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.72 to a day high of $3.72. The price has been going up and down for this period, and there has been a -22.01% loss for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $3.42 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Regencell Bioscience Holdings Limited stock with a 90% probability to be traded between $3.41 and $6.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RGC Signals & Forecast
There are few to no technical positive signals at the moment. The Regencell Bioscience Holdings 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 $3.86 and $4.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Regencell Bioscience Holdings Limited stock
Regencell Bioscience Holdings Limited finds support from accumulated volume at $3.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.57%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGC) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Regencell Bioscience Holdings Limited to open at $3.72, and during the day (based on 14 day Average True Range), to move between $3.39 and $4.05, which gives a possible trading interval of +/-$0.331 (+/-8.91%) up or down from last closing price. If Regencell Bioscience Holdings Limited takes out the full calculated possible swing range there will be an estimated 17.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.71 (0.27%) than the resistance at $3.79 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regencell Bioscience Holdings Limited stock A Buy?
Regencell Bioscience Holdings Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.635 Strong Sell Candidate Downgraded
Predicted Opening Price for Regencell Bioscience Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $3.72 ( 0%) | $3.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.72 | - |
| R2 | 3.72 | - |
| R1 | 3.72 | - |
| Price | 3.72 | |
| S1 | 3.72 | - |
| S2 | 3.72 | - |
| S3 | 3.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.50 | 20.97% |
| R2 | 4.08 | 9.68% |
| R1 | 3.79 | 1.88% |
| Price | 3.72 | |
| S1 | 3.71 | -0.269% |
| S2 | 3.67 | -1.34% |
| S3 | 3.42 | -8.01% |
RGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2018 | Feb 15, 2018 | Feb 26, 2018 | $0.220 | 0% |
| 2 | Oct 24, 2017 | Dec 01, 2017 | Dec 15, 2017 | $0.220 | 0% |
| 3 | Jul 27, 2017 | Aug 31, 2017 | Sep 15, 2017 | $0.220 | 0% |
| 4 | May 02, 2017 | Jun 01, 2017 | Jun 15, 2017 | $0.220 | 0% |
| 5 | Feb 10, 2017 | Mar 01, 2017 | Mar 15, 2017 | $0.220 | 0% |
FAQ
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