RiceBran Technologies Stock Forecast
Big movements in RiceBran Technologies stock price on Friday moving 12.50% between high and low
(Updated on May 03, 2024)
The RiceBran Technologies stock price gained 12.50% on the last trading day (Friday, 3rd May 2024), rising from $0.160 to $0.180. During the last trading day the stock fluctuated 12.50% from a day low at $0.160 to a day high of $0.180. The price has risen in 4 of the last 10 days and is up by 12.5% over the past 2 weeks. Volume fell on the last day by -368 shares and in total, 1 thousand shares were bought and sold for approximately $246.42 . 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.58% during the next 3 months and, with a 90% probability hold a price between $0.157 and $0.288 at the end of this 3-month period.
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RIBT Signals & Forecast
The RiceBran Technologies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.163 and $0.174. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 07, 2024, and so far it has fallen -14.29%. 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 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 $0.173 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 12.50%. For the last week the stock has had daily average volatility of 6.25%.
Our recommended stop-loss: $0.170 (-5.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (RIBT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect RiceBran Technologies to open at $0.173, and during the day (based on 14 day Average True Range), to move between $0.156 and $0.204, which gives a possible trading interval of +/-$0.0242 (+/-13.46%) up or down from last closing price. If RiceBran Technologies takes out the full calculated possible swing range there will be an estimated 26.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.180 (0.03%) than the support at $0.173 (3.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
RiceBran Technologies will release earnings -- on Thursday, May 09, 2024. We will update the financials statements for RiceBran Technologies, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.17% in the first trading day after earnings release.
Is RiceBran Technologies stock A Buy?
RiceBran Technologies holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.083 Hold/Accumulate Upgraded
Predicted Opening Price for RiceBran Technologies of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.173 ( 3.70%) | $0.180 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 0.193 | 7.41 % | |
R2 | 0.186 | 3.16 % | ||
R1 | 0.181 | 0.541 % | ||
Current price: | 0.180 | |||
Support | S1 | 0.166 | -7.95 % | |
S2 | 0.161 | -10.57 % | ||
S3 | 0.153 | -14.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.200 | 11.11 % | |
R2 | 0.180 | 0.0556 % | ||
R1 | 0.180 | 0.0278 % | ||
Current price | 0.180 | |||
Support | S1 | 0.173 | -3.86% | |
S2 | 0.166 | -7.78% | ||
S3 | 0.150 | -16.67% |
FAQ
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