Real Brands Inc Stock Forecast

Big movements in Real Brands Inc stock price on Friday moving 33.33% between high and low
(Updated on May 03, 2024)

RLBD Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 57.89%. 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 Real Brands Inc 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 $0.0030. On a fall, the stock will find some support from the short-term average at $0.0022. 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 Real Brands Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0028 and $0.0027. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Real Brands Inc finds support just below today's level at $0.0028. If this is broken, then the next support from accumulated volume will be at $0.0027 and $0.0026.

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 $0.0008 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 17.82%.

Our recommended stop-loss: $0.0029 (-3.36%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (RLBD) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Real Brands Inc to open at $0.0028, and during the day (based on 14 day Average True Range), to move between $0.0027 and $0.0033, which gives a possible trading interval of +/-$0.0003 (+/-11.54%) up or down from last closing price. If Real Brands Inc takes out the full calculated possible swing range there will be an estimated 23.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0031 (3.33%) than the support at $0.0028 (6.67%), 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.

Is Real Brands Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.057 Buy Candidate Upgraded

Predicted Opening Price for Real Brands Inc of Monday, May 6, 2024

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