RespireRx Pharmaceuticals Inc. Stock Forecast
Red day on Friday for RespireRx Pharmaceuticals Inc. stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of RespireRx Pharmaceuticals Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 5.88% from a day low at $0.0009 to a day high of $0.0009. The price has fallen in 5 of the last 10 days and is down by -5.56% for this period.
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 -19.51% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0008 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RSPI Signals & Forecast
There are few to no technical positive signals at the moment. The RespireRx Pharmaceuticals Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0009 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -22.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 RespireRx Pharmaceuticals Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.00005 between high and low, or 5.88%. For the last week the stock has had daily average volatility of 12.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSPI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect RespireRx Pharmaceuticals Inc. to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-14.25%) up or down from last closing price. If RespireRx Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 28.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (5.88%) than the resistance at $0.0009 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RespireRx Pharmaceuticals Inc. stock A Buy?
RespireRx Pharmaceuticals 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.
Current score: -5.051 Strong Sell Candidate Unchanged
Predicted Opening Price for RespireRx Pharmaceuticals Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0009 ( 1.96%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0009 | 7.84 % | |
| R2 | 0.0009 | 5.60 % | ||
| R1 | 0.0009 | 4.21 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0008 | -0.286 % | |
| S2 | 0.0008 | -1.67 % | ||
| S3 | 0.0008 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 17.65 % | |
| R2 | 0.0010 | 11.76 % | ||
| R1 | 0.0009 | 5.88 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0008 | -5.88% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy RespireRx Pharmaceuticals Inc. Stock.
