Repay Holdings Corp. Class A Stock Forecast
Weaker technical forecast for Repay Holdings Corp. Class A as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Repay Holdings Corp. Class A stock price fell by -2.11% on the last day (Tuesday, 2nd Jul 2024) from $10.43 to $10.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.29% from a day low at $10.15 to a day high of $10.59. The price has fallen in 7 of the last 10 days and is down by -5.46% 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 -197 thousand shares and in total, 711 thousand shares were bought and sold for approximately $7.26 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.51% during the next 3 months and, with a 90% probability hold a price between $10.45 and $11.95 at the end of this 3-month period.
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RPAY Signals & Forecast
There are few to no technical positive signals at the moment. The Repay Holdings Corp. Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.48 and $10.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -7.18%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -11.66% to $9.02 within 24 trading days since signal was issued (Thursday, July 18, 2024).
Support, Risk & Stop-loss for Repay Holdings Corp. Class A stock
Repay Holdings Corp. Class A finds support from accumulated volume at $10.17 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 $0.435 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RPAY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Repay Holdings Corp. Class A to open at $10.32, and during the day (based on 14 day Average True Range), to move between $9.83 and $10.59, which gives a possible trading interval of +/-$0.381 (+/-3.73%) up or down from last closing price. If Repay Holdings Corp. Class A takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.17 (0.39%) than the resistance at $10.56 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Repay Holdings Corp. Class A stock A Buy?
The Repay Holdings Corp. Class A stock holds several negative signals and despite the positive trend, we believe Repay Holdings Corp. Class A 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: -1.080 Sell Candidate Downgraded
Predicted Opening Price for Repay Holdings Corp. Class A of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.32 ( 1.03%) | $10.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RPAY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.75 | 5.29% |
| R2 | 10.58 | 3.66% |
| R1 | 10.48 | 2.66% |
| Price | 10.21 | |
| S1 | 10.15 | -0.599% |
| S2 | 10.05 | -1.60% |
| S3 | 9.88 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.87 | 6.46% |
| R2 | 10.58 | 3.62% |
| R1 | 10.56 | 3.43% |
| Price | 10.21 | |
| S1 | 10.17 | -0.392% |
| S2 | 10.16 | -0.490% |
| S3 | 10.08 | -1.27% |
FAQ
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