Raiz Invest Limited Stock Forecast

Red day on Wednesday for Raiz Invest Limited stock after losing 0%
(Updated on May 01, 2024)

RZI.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.95%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Raiz Invest Limited 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 $0.400. On a fall, the stock will find some support from the short-term average at $0.394. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Raiz Invest Limited stock

Raiz Invest Limited finds support from accumulated volume at $0.390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0150 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 3.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RZI.AX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Raiz Invest Limited to open at $0.393, and during the day (based on 14 day Average True Range), to move between $0.379 and $0.411, which gives a possible trading interval of +/-$0.0157 (+/-3.97%) up or down from last closing price. If Raiz Invest Limited takes out the full calculated possible swing range there will be an estimated 7.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.400 (1.27%) than the support at $0.390 (1.27%), 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 Raiz Invest Limited stock A Buy?

Raiz Invest Limited 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: -2.268 Sell Candidate Unchanged

Predicted Opening Price for Raiz Invest Limited of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.