Reliq Health Technologies Stock Forecast
Reliq Health Technologies stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
No changes to the price of Reliq Health Technologies stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.120 to a day high of $0.120. The price has risen in 6 of the last 10 days and is up by 293.44% over the past 2 weeks.
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 $0.124 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 -38.22% during the next 3 months and, with a 90% probability hold a price between $0.0102 and $0.0764 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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RQHTF Signals & Forecast
The Reliq Health Technologies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0938 and $0.0930. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Reliq Health Technologies stock
Reliq Health Technologies finds support from accumulated volume at $0.116 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 29.08%
Our recommended stop-loss: $0.115 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RQHTF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Reliq Health Technologies to open at $0.120, and during the day (based on 14 day Average True Range), to move between $0.0875 and $0.152, which gives a possible trading interval of +/-$0.0325 (+/-27.06%) up or down from last closing price. If Reliq Health Technologies takes out the full calculated possible swing range there will be an estimated 54.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.116 (3.12%) than the resistance at $0.127 (6.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reliq Health Technologies stock A Buy?
Reliq Health Technologies holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.407 Hold/Accumulate Downgraded
Predicted Opening Price for Reliq Health Technologies of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.120 ( 0%) | $0.120 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RQHTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.120 | . | |
| R2 | 0.120 | . | ||
| R1 | 0.120 | . | ||
| Current price: | 0.120 | |||
| Support | S1 | 0.120 | . | |
| S2 | 0.120 | . | ||
| S3 | 0.120 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.142 | 18.33 % | |
| R2 | 0.140 | 16.67 % | ||
| R1 | 0.127 | 6.17 % | ||
| Current price | 0.120 | |||
| Support | S1 | 0.116 | -3.12% | |
| S2 | 0.100 | -16.67% | ||
| S3 | 0.0950 | -20.83% |
FAQ
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