Reflect Scientific Inc Stock Forecast
On Friday, Reflect Scientific Inc stock price gained an impressive 8.54%
(Updated on May 17, 2024)
The Reflect Scientific Inc stock price gained 8.54% on the last trading day (Friday, 17th May 2024), rising from $0.0492 to $0.0534. During the last trading day the stock fluctuated 0% from a day low at $0.0534 to a day high of $0.0534. The price has risen in 6 of the last 10 days and is up by 8.87% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 280 shares were bought and sold for approximately $14.95 . 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 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 $0.0564 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 -29.75% during the next 3 months and, with a 90% probability hold a price between $0.0288 and $0.0396 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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RSCF Signals & Forecast
There are mixed signals in the stock today. The Reflect Scientific Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0544. On a fall, the stock will find some support from the short-term average at $0.0522. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Reflect Scientific Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0500 and $0.0488. 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, Reflect Scientific Inc finds support just below today's level at $0.0500. If this is broken, then the next support from accumulated volume will be at $0.0488 and $0.0471.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 2.55%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Reflect Scientific Inc to open at $0.0534, and during the day (based on 14 day Average True Range), to move between $0.0476 and $0.0592, which gives a possible trading interval of +/-$0.0058 (+/-10.92%) up or down from last closing price. If Reflect Scientific Inc takes out the full calculated possible swing range there will be an estimated 21.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0500 (6.37%) than the resistance at $0.0587 (9.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reflect Scientific Inc stock A Buy?
Reflect Scientific Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.020 Sell Candidate Upgraded
Predicted Opening Price for Reflect Scientific Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0534 ( 0%) | $0.0534 |
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 | 0.0534 | . | |
| R2 | 0.0534 | . | ||
| R1 | 0.0534 | . | ||
| Current price: | 0.0534 | |||
| Support | S1 | 0.0534 | . | |
| S2 | 0.0534 | . | ||
| S3 | 0.0534 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0600 | 12.36 % | |
| R2 | 0.0590 | 10.49 % | ||
| R1 | 0.0587 | 9.93 % | ||
| Current price | 0.0534 | |||
| Support | S1 | 0.0500 | -6.37% | |
| S2 | 0.0488 | -8.61% | ||
| S3 | 0.0471 | -11.80% |
FAQ
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