Reflect Scientific Inc Stock Forecast
Volatile ride for Reflect Scientific Inc stock price on Tuesday moving between $0.0441 and $0.0550
(Updated on May 07, 2024)
The Reflect Scientific Inc stock price fell by -18.33% on the last day (Tuesday, 7th May 2024) from $0.0540 to $0.0441. During the last trading day the stock fluctuated 24.72% from a day low at $0.0441 to a day high of $0.0550. The price has risen in 5 of the last 10 days but is still down by -6.37% for this period. Volume has increased on the last day by 8 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, 9 thousand shares were bought and sold for approximately $379.26 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0401 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.49% during the next 3 months and, with a 90% probability hold a price between $0.0303 and $0.0491 at the end of this 3-month period.
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RSCF 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 Reflect Scientific 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 $0.0479 and $0.0581. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -18.33%. Further fall is indicated until a new bottom pivot has been found. Reflect Scientific 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 Reflect Scientific Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0109 between high and low, or 24.72%. For the last week, the stock has had daily average volatility of 14.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSCF) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Reflect Scientific Inc to open at $0.0477, and during the day (based on 14 day Average True Range), to move between $0.0383 and $0.0499, which gives a possible trading interval of +/-$0.0058 (+/-13.25%) up or down from last closing price. If Reflect Scientific Inc takes out the full calculated possible swing range there will be an estimated 26.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0471, some $0.0030 (6.80%) from the current price of $0.0441, our system finds the risk reward not very attractive.
Earnings coming up
Reflect Scientific Inc will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Reflect Scientific Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 23.38% in the first trading day after earnings release.
Is Reflect Scientific Inc stock A Buy?
Reflect Scientific 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: -7.721 Strong Sell Candidate Downgraded
Predicted Opening Price for Reflect Scientific Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0477 ( 8.24%) | $0.0441 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0586 | 32.96 % | |
| R2 | 0.0545 | 23.51 % | ||
| R1 | 0.0519 | 17.68 % | ||
| Current price: | 0.0441 | |||
| Support | S1 | 0.0436 | -1.20 % | |
| S2 | 0.0410 | -7.04 % | ||
| S3 | 0.0368 | -16.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0529 | 19.95 % | |
| R2 | 0.0488 | 10.66 % | ||
| R1 | 0.0471 | 6.80 % | ||
| Current price | 0.0441 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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