RiceBran Technologies Stock Forecast
On Tuesday, RiceBran Technologies stock price gained an impressive 13.04%
(Updated on Jul 02, 2024)
The RiceBran Technologies stock price gained 13.04% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.115 to $0.130. During the last trading day the stock fluctuated 0% from a day low at $0.130 to a day high of $0.130. The price has risen in 4 of the last 10 days and is up by 4% over the past 2 weeks. Volume fell on the last day by -29 shares and in total, 271 shares were bought and sold for approximately $35.23 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -30.26% during the next 3 months and, with a 90% probability hold a price between $0.0539 and $0.110 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RIBT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 13.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The RiceBran Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.136. On a fall, the stock will find some support from the short-term average at $0.121. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for RiceBran Technologies stock
RiceBran Technologies finds support from accumulated volume at $0.125 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 7.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RIBT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect RiceBran Technologies to open at $0.130, and during the day (based on 14 day Average True Range), to move between $0.111 and $0.149, which gives a possible trading interval of +/-$0.0189 (+/-14.54%) up or down from last closing price. If RiceBran Technologies takes out the full calculated possible swing range there will be an estimated 29.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.125 (3.85%) than the resistance at $0.144 (10.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RiceBran Technologies stock A Buy?
RiceBran Technologies 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.236 Sell Candidate Upgraded
Predicted Opening Price for RiceBran Technologies of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.130 ( 0%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIBT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.130 | - |
| R2 | 0.130 | - |
| R1 | 0.130 | - |
| Price | 0.130 | |
| S1 | 0.130 | - |
| S2 | 0.130 | - |
| S3 | 0.130 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.160 | 23.08% |
| R2 | 0.155 | 19.23% |
| R1 | 0.144 | 10.77% |
| Price | 0.130 | |
| S1 | 0.125 | -3.85% |
| S2 | 0.120 | -7.69% |
| S3 | 0.100 | -23.08% |
FAQ
Click here for our free guide on how to buy RiceBran Technologies Stock.
