Relief Therapeutics Holding AG Stock Forecast
Relief Therapeutics Holding AG stock price down 0% on Monday
(Updated on May 20, 2024)
No changes to the price of Relief Therapeutics Holding AG stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 4.73% from a day low at $1.38 to a day high of $1.44. The price has fallen in 4 of the last 10 days but is still up by 3.6% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.93% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.11 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RLFTF Signals & Forecast
The Relief Therapeutics Holding AG 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 $1.39 and $1.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 9.09%. 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). 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.
Support, Risk & Stop-loss for Relief Therapeutics Holding AG stock
Relief Therapeutics Holding AG finds support from accumulated volume at $1.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0650 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 4.92%.
Our recommended stop-loss: $1.38 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (RLFTF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Relief Therapeutics Holding AG to open at $1.42, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.54, which gives a possible trading interval of +/-$0.0973 (+/-6.75%) up or down from last closing price. If Relief Therapeutics Holding AG takes out the full calculated possible swing range there will be an estimated 13.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.45 (0.69%) than the support at $1.43 (0.69%), 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 Relief Therapeutics Holding AG stock A Buy?
Relief Therapeutics Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.896 Hold/Accumulate Unchanged
Predicted Opening Price for Relief Therapeutics Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $1.42 ( 1.50%) | $1.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLFTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.48 | 3.01 % | |
| R2 | 1.46 | 1.28 % | ||
| R1 | 1.44 | 0.220 % | ||
| Current price: | 1.44 | |||
| Support | S1 | 1.39 | -3.23 % | |
| S2 | 1.38 | -4.29 % | ||
| S3 | 1.35 | -6.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 15.99 % | |
| R2 | 1.56 | 8.33 % | ||
| R1 | 1.45 | 0.694 % | ||
| Current price | 1.44 | |||
| Support | S1 | 1.43 | -0.694% | |
| S2 | 1.42 | -1.39% | ||
| S3 | 1.40 | -2.78% |
FAQ
Click here for our free guide on how to buy Relief Therapeutics Holding AG Stock.
