Rail Vision Ltd. Stock Forecast
Rail Vision Ltd. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Rail Vision Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0800 to a day high of $0.0800. The price has been going up and down for this period, and there has been a 14.29% gain for the last 2 weeks.
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 -44.23% during the next 3 months and, with a 90% probability hold a price between $0.0152 and $0.0549 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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RVSNW Signals & Forecast
There are mixed signals in the stock today. The Rail Vision Ltd. 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 $0.0816. On a fall, the stock will find some support from the short-term average at $0.0771. 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 Thursday, June 27, 2024, and so far it has fallen 0%. 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.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 with a target of $0.0778. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Rail Vision Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0730 and $0.0703. 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, Rail Vision Ltd. finds support just below today's level at $0.0730. If this is broken, then the next support from accumulated volume will be at $0.0703 and $0.0700.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.91%
Our recommended stop-loss: $0.0768 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RVSNW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Rail Vision Ltd. to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0688 and $0.0912, which gives a possible trading interval of +/-$0.0112 (+/-14.02%) up or down from last closing price. If Rail Vision Ltd. takes out the full calculated possible swing range there will be an estimated 28.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0840 (5.00%) than the support at $0.0730 (8.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Rail Vision Ltd. stock A Buy?
Rail Vision Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Rail Vision Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0800 ( 0%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVSNW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0800 | - |
| R2 | 0.0800 | - |
| R1 | 0.0800 | - |
| Price | 0.0800 | |
| S1 | 0.0800 | - |
| S2 | 0.0800 | - |
| S3 | 0.0800 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0900 | 12.50% |
| R2 | 0.0870 | 8.75% |
| R1 | 0.0840 | 5.00% |
| Price | 0.0800 | |
| S1 | 0.0730 | -8.75% |
| S2 | 0.0703 | -12.13% |
| S3 | 0.0700 | -12.50% |
FAQ
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