Reedy Lagoon Corp Ltd Stock Forecast
Reedy Lagoon Corp Ltd stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Reedy Lagoon Corp Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at A$0.0030 to a day high of A$0.0030. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
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 -21.17% during the next 3 months and, with a 90% probability hold a price between A$0.0017 and A$0.0029 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.
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RLC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reedy Lagoon Corp Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at A$0.0030 and A$0.0038. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Reedy Lagoon Corp Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 A$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RLC.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Reedy Lagoon Corp Ltd to open at A$0.0030, and during the day (based on 14 day Average True Range), to move between A$0.0028 and A$0.0032, which gives a possible trading interval of +/-A$0.0002 (+/-7.02%) up or down from last closing price. If Reedy Lagoon Corp Ltd takes out the full calculated possible swing range there will be an estimated 14.04% move between the lowest and the highest trading price during the day.
Is Reedy Lagoon Corp Ltd stock A Buy?
Reedy Lagoon Corp Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.386 Sell Candidate Unchanged
Predicted Opening Price for Reedy Lagoon Corp Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| A$0.0030 ( 0.00000000%) | A$0.0030 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0030 | 0.00000000% |
| R2 | 0.0030 | 0.00000000% |
| R1 | 0.0030 | 0.00000000% |
| Price | 0.0030 | |
| S1 | 0.0030 | 0.00000000% |
| S2 | 0.0030 | 0.00000000% |
| S3 | 0.0030 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0030 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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