Route1 Inc. Stock Forecast
Strong day for Route1 Inc. stock price on Friday rising 10.00% to $0.0550
(Updated on May 31, 2024)
The Route1 Inc. stock price gained 10.00% on the last trading day (Friday, 31st May 2024), rising from $0.0500 to $0.0550. During the last trading day the stock fluctuated 0% from a day low at $0.0550 to a day high of $0.0550. The price has fallen in 4 of the last 10 days and is down by -8.33% for this period. Volume fell on the last day by -454 thousand shares and in total, 10 thousand shares were bought and sold for approximately $550.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0477 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.98% during the next 3 months and, with a 90% probability hold a price between $0.0524 and $0.0961 at the end of this 3-month period.
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ROI.V Signals & Forecast
There are few to no technical positive signals at the moment. The Route1 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 $0.0579 and $0.0649. 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 -31.25%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Route1 Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0500 and $0.0450. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0450 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 12.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROI.V) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Route1 Inc. to open at $0.0550, and during the day (based on 14 day Average True Range), to move between $0.0473 and $0.0627, which gives a possible trading interval of +/-$0.0077 (+/-14.06%) up or down from last closing price. If Route1 Inc. takes out the full calculated possible swing range there will be an estimated 28.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0600 (9.09%) than the support at $0.0500 (9.09%), 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 Route1 Inc. stock A Buy?
The Route1 Inc. stock holds several negative signals and despite the positive trend, we believe Route1 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 Sell to a Strong Sell candidate.
Current score: -5.035 Strong Sell Candidate Downgraded
Predicted Opening Price for Route1 Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0550 ( 0%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROI.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0550 | . | |
| R2 | 0.0550 | . | ||
| R1 | 0.0550 | . | ||
| Current price: | 0.0550 | |||
| Support | S1 | 0.0550 | . | |
| S2 | 0.0550 | . | ||
| S3 | 0.0550 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0650 | 18.18 % | ||
| R1 | 0.0600 | 9.09 % | ||
| Current price | 0.0550 | |||
| Support | S1 | 0.0500 | -9.09% | |
| S2 | 0.0450 | -18.18% | ||
| S3 | 0 | . |
FAQ
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