Rocky Mountain Chocolate Factory Stock Forecast
Rocky Mountain Chocolate Factory stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The Rocky Mountain Chocolate Factory stock price fell by -0.0028% on the last day (Friday, 19th Apr 2024) from $3.55 to $3.55. During the last trading day the stock fluctuated 5.92% from a day low at $3.55 to a day high of $3.76. The price has fallen in 6 of the last 10 days and is down by -3.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 11 thousand shares were bought and sold for approximately $37.57 thousand.
The stock lies in the middle of a 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 -17.88% during the next 3 months and, with a 90% probability hold a price between $2.57 and $3.15 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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RMCF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 2.01%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rocky Mountain Chocolate Factory 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 $3.59 and $3.72. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rocky Mountain Chocolate Factory stock
Rocky Mountain Chocolate Factory finds support from accumulated volume at $3.53 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.210 between high and low, or 5.92%. For the last week the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RMCF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Rocky Mountain Chocolate Factory to open at $3.62, and during the day (based on 14 day Average True Range), to move between $3.39 and $3.71, which gives a possible trading interval of +/-$0.159 (+/-4.49%) up or down from last closing price. If Rocky Mountain Chocolate Factory takes out the full calculated possible swing range there will be an estimated 8.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.53 (0.56%) than the resistance at $4.00 (12.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rocky Mountain Chocolate Factory stock A Buy?
Rocky Mountain Chocolate Factory holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.532 Sell Candidate Downgraded
Predicted Opening Price for Rocky Mountain Chocolate Factory of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.62 ( 1.97%) | $3.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RMCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.83 | 7.89 % | |
| R2 | 3.75 | 5.63 % | ||
| R1 | 3.70 | 4.23 % | ||
| Current price: | 3.55 | |||
| Support | S1 | 3.54 | -0.288 % | |
| S2 | 3.49 | -1.68 % | ||
| S3 | 3.41 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.10 | 15.49 % | |
| R2 | 4.07 | 14.65 % | ||
| R1 | 4.00 | 12.68 % | ||
| Current price | 3.55 | |||
| Support | S1 | 3.53 | -0.563% | |
| S2 | 3.50 | -1.41% | ||
| S3 | 3.48 | -1.97% |
RMCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 18, 2020 | Feb 27, 2020 | Mar 13, 2020 | $0.120 | 1.76% |
| 2 | Nov 14, 2019 | Nov 21, 2019 | Dec 06, 2019 | $0.120 | 1.36% |
| 3 | Aug 16, 2019 | Sep 03, 2019 | Sep 13, 2019 | $0.120 | 1.28% |
| 4 | May 28, 2019 | Jun 03, 2019 | Jun 14, 2019 | $0.120 | 1.36% |
| 5 | Feb 14, 2019 | Mar 04, 2019 | Mar 15, 2019 | $0.120 | 1.30% |
FAQ
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