Raiz Invest Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Raiz Invest Limited stock after losing 2.78%
(Updated on May 15, 2024)
The Raiz Invest Limited stock price fell by -2.78% on the last day (Wednesday, 15th May 2024) from $0.360 to $0.350. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.29% from a day low at $0.350 to a day high of $0.365. The price has fallen in 6 of the last 10 days and is down by -11.39% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 33 thousand shares were bought and sold for approximately $11.39 thousand.
Given the current horizontal trend, you can expect Raiz Invest Limited stock with a 90% probability to be traded between $0.354 and $0.437 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RZI.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Raiz Invest Limited 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 $0.375 and $0.396. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -18.60%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Raiz Invest Limited 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 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 $0.0150 between high and low, or 4.29%. For the last week the stock has had daily average volatility of 4.41%.
Raiz Invest Limited is oversold on RSI14 (19). 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 (RZI.AX) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Raiz Invest Limited to open at $0.355, and during the day (based on 14 day Average True Range), to move between $0.335 and $0.365, which gives a possible trading interval of +/-$0.0153 (+/-4.37%) up or down from last closing price. If Raiz Invest Limited takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.380, some $0.0300 (8.57%) from the current price of $0.350, our system finds the risk reward not very attractive.
Is Raiz Invest Limited stock A Buy?
Raiz Invest Limited holds several negative signals and is within a 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: -2.946 Sell Candidate Unchanged
Predicted Opening Price for Raiz Invest Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $0.355 ( 1.43%) | $0.350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.370 | 5.71 % | |
| R2 | 0.364 | 4.08 % | ||
| R1 | 0.361 | 3.07 % | ||
| Current price: | 0.350 | |||
| Support | S1 | 0.349 | -0.209 % | |
| S2 | 0.346 | -1.22 % | ||
| S3 | 0.340 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.405 | 15.71 % | |
| R2 | 0.395 | 12.86 % | ||
| R1 | 0.380 | 8.57 % | ||
| Current price | 0.350 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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