Rocky Mountain High Brands, Inc. Stock Forecast

Volatile ride for Rocky Mountain High Brands, Inc. stock price on Friday moving between $0.0100 and $0.0150
(Updated on Apr 26, 2024)

RMHB Signals & Forecast

There are few to no technical positive signals at the moment. The Rocky Mountain High Brands, Inc. 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 $0.0111 and $0.0125. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -44.44%. Further fall is indicated until a new bottom pivot has been found. 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 High Brands, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0090 and $0.0080. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0080 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0050 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 30.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RMHB) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Rocky Mountain High Brands, Inc. to open at $0.0117, and during the day (based on 14 day Average True Range), to move between $0.0065 and $0.0135, which gives a possible trading interval of +/-$0.0035 (+/-34.91%) up or down from last closing price. If Rocky Mountain High Brands, Inc. takes out the full calculated possible swing range there will be an estimated 69.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0101 (1.00%) than the support at $0.0090 (10.00%), 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 Rocky Mountain High Brands, Inc. stock A Buy?

The Rocky Mountain High Brands, Inc. stock holds several negative signals and despite the positive trend, we believe Rocky Mountain High Brands, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -1.854 Sell Candidate Downgraded

Predicted Opening Price for Rocky Mountain High Brands, Inc. of Monday, April 29, 2024

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