Real Brands Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Real Brands Inc stock price on Thursday moving 22.25% between high and low
(Updated on May 23, 2024)
The Real Brands Inc stock price gained 38.89% on the last trading day (Thursday, 23rd May 2024), rising from $0.0036 to $0.0050. During the last trading day the stock fluctuated 22.25% from a day low at $0.0041 to a day high of $0.0050. The price has risen in 4 of the last 10 days and is up by 21.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $95.00 .
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 -3.03% during the next 3 months and, with a 90% probability hold a price between $0.0018 and $0.0065 at the end of this 3-month period.
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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
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0047 ( 6.07%) | $0.0050 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLBD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0056 | 12.13 % | |
| R2 | 0.0053 | 5.18 % | ||
| R1 | 0.0050 | 0.89 % | ||
| Current price: | 0.0050 | |||
| Support | S1 | 0.0043 | -13.02 % | |
| S2 | 0.0041 | -17.31 % | ||
| S3 | 0.0038 | -24.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0050 | |||
| Support | S1 | 0.0041 | -18.00% | |
| S2 | 0.0039 | -21.60% | ||
| S3 | 0.0038 | -24.00% |
FAQ
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