Reviva Pharmaceuticals Holdings, Inc. Stock Forecast
High volatility in Reviva Pharmaceuticals Holdings, Inc. stock price on Tuesday which ended trading at $1.08
(Updated on Jul 02, 2024)
The Reviva Pharmaceuticals Holdings, Inc. stock price fell by -9.24% on the last day (Tuesday, 2nd Jul 2024) from $1.19 to $1.08. During the last trading day the stock fluctuated 12.14% from a day low at $1.07 to a day high of $1.20. The price has fallen in 7 of the last 10 days and is down by -25.52% for this period. Volume has increased on the last day by 131 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, 204 thousand shares were bought and sold for approximately $220.82 thousand.
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 $1.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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RVPH Signals & Forecast
There are few to no technical positive signals at the moment. The Reviva Pharmaceuticals Holdings, 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 $1.23 and $1.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -29.41%. 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). Reviva Pharmaceuticals Holdings, 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".
Support, Risk & Stop-loss for Reviva Pharmaceuticals Holdings, 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 $0.130 between high and low, or 12.14%. For the last week, the stock has had daily average volatility of 6.34%.
Reviva Pharmaceuticals Holdings, Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RVPH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Reviva Pharmaceuticals Holdings, Inc. to open at $1.12, and during the day (based on 14 day Average True Range), to move between $0.97 and $1.19, which gives a possible trading interval of +/-$0.105 (+/-9.72%) up or down from last closing price. If Reviva Pharmaceuticals Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 19.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.28, some $0.200 (18.52%) from the current price of $1.08, our system finds the risk reward not very attractive.
Is Reviva Pharmaceuticals Holdings, Inc. stock A Buy?
Reviva Pharmaceuticals Holdings, 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: -7.800 Strong Sell Candidate Unchanged
Predicted Opening Price for Reviva Pharmaceuticals Holdings, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.12 ( 3.40%) | $1.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVPH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.25 | 15.43% |
| R2 | 1.20 | 10.83% |
| R1 | 1.17 | 7.99% |
| Price | 1.08 | |
| S1 | 1.07 | -1.20% |
| S2 | 1.04 | -4.04% |
| S3 | 0.99 | -8.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.34 | 24.07% |
| R2 | 1.31 | 20.83% |
| R1 | 1.28 | 18.52% |
| Price | 1.08 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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