Roth Ch Acquisition V Co. Stock Forecast

Strong day for Roth Ch Acquisition V Co. stock price on Wednesday rising 5.18% to $11.99
(Updated on Jul 03, 2024)

ROCLU Signals & Forecast

Mostly positive signals in the chart today. The Roth Ch Acquisition V Co. 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 $11.45 and $11.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 9.90%. 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). Roth Ch Acquisition V Co. 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 Roth Ch Acquisition V Co. stock

Roth Ch Acquisition V Co. finds support from accumulated volume at $11.54 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $11.31 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (ROCLU) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Roth Ch Acquisition V Co. to open at $11.99, and during the day (based on 14 day Average True Range), to move between $11.57 and $12.41, which gives a possible trading interval of +/-$0.415 (+/-3.46%) up or down from last closing price. If Roth Ch Acquisition V Co. takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.00 (0.08%) than the support at $11.54 (3.75%), 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 Roth Ch Acquisition V Co. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.254 Buy Candidate Upgraded

Predicted Opening Price for Roth Ch Acquisition V Co. of Friday, July 5, 2024

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