Richtech Robotics Inc. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of RR
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Richtech Robotics Inc. stock downgraded to Strong Sell Candidate
(Updated on Oct 04, 2024)
Sell candidate since Sep 04, 2024
Loss -31.05%
The Richtech Robotics Inc. stock price gained 3.40% on the last trading day (Friday, 4th Oct 2024), rising from $0.694 to $0.717. During the last trading day the stock fluctuated 6.42% from a day low at $0.675 to a day high of $0.718. The price has been going up and down for this period, and there has been a -6.41% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $2.00 million. 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.16% during the next 3 months and, with a 90% probability hold a price between $0.0641 and $1.11 at the end of this 3-month period.
RR Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, October 03, 2024, and so far it has risen 3.40%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Richtech Robotics 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 $0.789 and $1.03. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Richtech Robotics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.618 and $0.593. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Richtech Robotics Inc. finds support just below today's level at $0.618. If this is broken, then the next support from accumulated volume will be at $0.593 and $0.580.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0433 between high and low, or 6.42%. For the last week, the stock has had daily average volatility of 9.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RR) For The Upcoming Trading Day Of Monday 7th
For the upcoming trading day on Monday, 7th we expect Richtech Robotics Inc. to open at $0.703, and during the day (based on 14 day Average True Range), to move between $0.576 and $0.86, which gives a possible trading interval of +/-$0.141 (+/-19.72%) up or down from last closing price. If Richtech Robotics Inc. takes out the full calculated possible swing range there will be an estimated 39.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.730 (1.80%) than the support at $0.618 (13.76%), 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 Richtech Robotics Inc. stock A Buy?
Richtech Robotics 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 Sell to a Strong Sell candidate.
Current score:
-6.032
Strong Sell Candidate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $0.703 ( 1.91%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for RR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.747 | 4.13% |
| R2 | 0.730 | 1.82% |
| R1 | 0.720 | 0.396% |
| Price | 0.717 | |
| S1 | 0.687 | -4.22% |
| S2 | 0.677 | -5.64% |
| S3 | 0.660 | -7.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.766 | 6.85% |
| R2 | 0.753 | 4.94% |
| R1 | 0.730 | 1.80% |
| Price | 0.717 | |
| S1 | 0.618 | -13.76% |
| S2 | 0.593 | -17.38% |
| S3 | 0.580 | -19.12% |
FAQ
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