Revolve Group, Inc. Stock Forecast
Green day on Tuesday for Revolve Group, Inc. stock after gaining 0.777%
(Updated on Jul 02, 2024)
The Revolve Group, Inc. stock price gained 0.777% on the last trading day (Tuesday, 2nd Jul 2024), rising from $15.44 to $15.56. During the last trading day the stock fluctuated 3.10% from a day low at $15.16 to a day high of $15.63. The price has fallen in 6 of the last 10 days and is down by -6.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 661 thousand shares were bought and sold for approximately $10.28 million.
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 $15.12 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.16% during the next 3 months and, with a 90% probability hold a price between $12.53 and $16.98 at the end of this 3-month period.
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RVLV Signals & Forecast
There are mixed signals in the stock today. The Revolve Group, 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 $15.67 and $18.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.50%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Revolve Group, Inc. stock
Revolve Group, Inc. finds support from accumulated volume at $15.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.470 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RVLV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Revolve Group, Inc. to open at $15.45, and during the day (based on 14 day Average True Range), to move between $14.85 and $16.27, which gives a possible trading interval of +/-$0.712 (+/-4.58%) up or down from last closing price. If Revolve Group, Inc. takes out the full calculated possible swing range there will be an estimated 9.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.44 (0.77%) than the resistance at $15.89 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Revolve Group, Inc. stock A Buy?
Revolve Group, 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.
Current score: -3.836 Sell Candidate Unchanged
Predicted Opening Price for Revolve Group, Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$15.45 ( 0.707%) | $15.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVLV
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.92 | 2.31% |
R2 | 15.74 | 1.16% |
R1 | 15.63 | 0.447% |
Price | 15.56 | |
S1 | 15.27 | -1.86% |
S2 | 15.16 | -2.57% |
S3 | 14.98 | -3.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.20 | 23.39% |
R2 | 15.91 | 2.25% |
R1 | 15.89 | 2.12% |
Price | 15.56 | |
S1 | 15.44 | -0.771% |
S2 | 15.40 | -1.03% |
S3 | 15.33 | -1.48% |
FAQ
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