Revive Therapeutics Ltd Stock Forecast
A very strong day for Revive Therapeutics Ltd stock price on Friday
(Updated on Jun 28, 2024)
The Revive Therapeutics Ltd stock price gained 7.14% on the last trading day (Friday, 28th Jun 2024), rising from $0.0070 to $0.0075. During the last trading day the stock fluctuated 8.11% from a day low at $0.0074 to a day high of $0.0080. The price has fallen in 5 of the last 10 days and is down by -50% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately $1.22 thousand.
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 $0.0066 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.66% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0097 at the end of this 3-month period.
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RVVTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found. Revive Therapeutics Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Revive Therapeutics Ltd 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 $0.0098 and $0.0160. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Revive Therapeutics Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0070. 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0006 between high and low, or 8.11%. For the last week, the stock has had daily average volatility of 24.29%.
Revive Therapeutics Ltd is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RVVTF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Revive Therapeutics Ltd to open at $0.0076, and during the day (based on 14 day Average True Range), to move between $0.0052 and $0.0098, which gives a possible trading interval of +/-$0.0023 (+/-30.36%) up or down from last closing price. If Revive Therapeutics Ltd takes out the full calculated possible swing range there will be an estimated 60.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0070, some $0.0005 (6.67%) from the current price of $0.0075, our system finds the risk reward attractive.
Is Revive Therapeutics Ltd stock A Buy?
Revive Therapeutics Ltd 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: -5.103 Strong Sell Candidate Unchanged
Predicted Opening Price for Revive Therapeutics Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0076 ( 1.78%) | $0.0075 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVVTF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0082 | 9.78% |
| R2 | 0.0080 | 6.72% |
| R1 | 0.0079 | 4.83% |
| Price | 0.0075 | |
| S1 | 0.0074 | -1.28% |
| S2 | 0.0073 | -3.17% |
| S3 | 0.0070 | -6.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0075 | |
| S1 | 0.0070 | -6.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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