Rego Payment Architectures, Inc. Stock Forecast
A very red day for Rego Payment Architectures, Inc. stock price after a -5.31% fall in the Friday trading session
(Updated on May 10, 2024)
The Rego Payment Architectures, Inc. stock price fell by -5.31% on the last day (Friday, 10th May 2024) from $1.13 to $1.07. During the last trading day the stock fluctuated 8.49% from a day low at $1.06 to a day high of $1.15. The price has fallen in 4 of the last 10 days and is down by -3.6% for this period. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 thousand shares were bought and sold for approximately $50.52 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.50% during the next 3 months and, with a 90% probability hold a price between $0.578 and $0.82 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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RPMT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rego Payment Architectures, 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 $1.11 and $1.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -17.05%. Further fall is indicated until a new bottom pivot has been found. Rego Payment Architectures, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rego Payment Architectures, Inc. stock
Rego Payment Architectures, Inc. finds support from accumulated volume at $1.06 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 $0.0900 between high and low, or 8.49%. For the last week, the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RPMT) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Rego Payment Architectures, Inc. to open at $1.09, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.16, which gives a possible trading interval of +/-$0.0919 (+/-8.59%) up or down from last closing price. If Rego Payment Architectures, Inc. takes out the full calculated possible swing range there will be an estimated 17.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.06 (0.93%) than the resistance at $1.15 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Rego Payment Architectures, Inc. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Rego Payment Architectures, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.35% in the first trading day after earnings release.
Is Rego Payment Architectures, Inc. stock A Buy?
Rego Payment Architectures, Inc. holds several negative signals and is within a very 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: -4.490 Sell Candidate Downgraded
Predicted Opening Price for Rego Payment Architectures, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $1.09 ( 2.18%) | $1.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RPMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 10.59 % | |
| R2 | 1.15 | 7.38 % | ||
| R1 | 1.13 | 5.39 % | ||
| Current price: | 1.07 | |||
| Support | S1 | 1.06 | -1.03 % | |
| S2 | 1.04 | -3.02 % | ||
| S3 | 1.00 | -6.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.29 | 20.56 % | |
| R2 | 1.19 | 11.21 % | ||
| R1 | 1.15 | 7.48 % | ||
| Current price | 1.07 | |||
| Support | S1 | 1.06 | -0.93% | |
| S2 | 1.05 | -1.87% | ||
| S3 | 1.02 | -4.67% |
FAQ
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