Resverlogix Corp. Stock Forecast
Resverlogix Corp. stock price ended at $0.0550 on Friday, after losing 0%.
(Updated on May 31, 2024)
No changes to the price of Resverlogix Corp. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 10.00% from a day low at $0.0500 to a day high of $0.0550. The price has fallen in 4 of the last 10 days and is down by -15.38% 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 -2.07% during the next 3 months and, with a 90% probability hold a price between $0.0489 and $0.0634 at the end of this 3-month period.
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RVX.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 10.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Resverlogix Corp. 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 $0.0550 and $0.0577. 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). 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 sell signal from a double top formation was found on Thursday, May 16, 2024 with a target of $0.0589. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Resverlogix Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0500. 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0050 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 7.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RVX.TO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Resverlogix Corp. to open at $0.0533, and during the day (based on 14 day Average True Range), to move between $0.0510 and $0.0590, which gives a possible trading interval of +/-$0.0040 (+/-7.34%) up or down from last closing price. If Resverlogix Corp. takes out the full calculated possible swing range there will be an estimated 14.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0600 (9.09%) than the support at $0.0500 (9.09%), 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 Resverlogix Corp. stock A Buy?
Resverlogix Corp. 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: -3.164 Sell Candidate Unchanged
Predicted Opening Price for Resverlogix Corp. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0533 ( 3.03%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVX.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0583 | 6.06 % | |
| R2 | 0.0564 | 2.59 % | ||
| R1 | 0.0552 | 0.442 % | ||
| Current price: | 0.0550 | |||
| Support | S1 | 0.0514 | -6.50 % | |
| S2 | 0.0502 | -8.65 % | ||
| S3 | 0.0483 | -12.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0650 | 18.18 % | ||
| R1 | 0.0600 | 9.09 % | ||
| Current price | 0.0550 | |||
| Support | S1 | 0.0500 | -9.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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