Real Brands Inc Stock Forecast

Big movements in Real Brands Inc stock price on Thursday moving 22.25% between high and low
(Updated on May 23, 2024)

RLBD Signals & Forecast

Mostly positive signals in the chart today. The Real Brands 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 $0.0040 and $0.0030. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 163.16%. 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). Real Brands 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. 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 $0.0041 and $0.0039. 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 $0.0041. If this is broken, then the next support from accumulated volume will be at $0.0039 and $0.0038.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0009 between high and low, or 22.25%. For the last week, the stock has had daily average volatility of 7.49%.

Our recommended stop-loss: $0.0048 (-3.64%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (RLBD) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Real Brands Inc to open at $0.0047, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0055, which gives a possible trading interval of +/-$0.0005 (+/-10.47%) up or down from last closing price. If Real Brands Inc takes out the full calculated possible swing range there will be an estimated 20.94% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0041, some $0.0009 (18.00%) from the current price of $0.0050, our system finds the risk reward attractive.

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: 4.324 Buy Candidate Upgraded

Predicted Opening Price for Real Brands Inc of Friday, May 24, 2024

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