Rezolute, Inc. Stock Forecast
Rezolute, Inc. stock price ended at $4.21 on Tuesday, after losing 2.32%.
(Updated on Jul 02, 2024)
The Rezolute, Inc. stock price fell by -2.32% on the last day (Tuesday, 2nd Jul 2024) from $4.31 to $4.21. During the last trading day the stock fluctuated 6.47% from a day low at $4.17 to a day high of $4.44. The price has risen in 7 of the last 10 days and is up by 9.35% over the past 2 weeks. Volume has increased on the last day by 74 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 260 thousand shares were bought and sold for approximately $1.09 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 55.07% during the next 3 months and, with a 90% probability hold a price between $5.75 and $10.01 at the end of this 3-month period.
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RZLT Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -27.29%. 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). Rezolute, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The Rezolute, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.14 and $4.01. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Rezolute, Inc. stock
Rezolute, Inc. finds support from accumulated volume at $4.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.270 between high and low, or 6.47%. For the last week, the stock has had daily average volatility of 6.06%.
Our recommended stop-loss: $3.99 (-5.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (RZLT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Rezolute, Inc. to open at $4.27, and during the day (based on 14 day Average True Range), to move between $3.80 and $4.62, which gives a possible trading interval of +/-$0.407 (+/-9.67%) up or down from last closing price. If Rezolute, Inc. takes out the full calculated possible swing range there will be an estimated 19.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.26 (1.19%) than the support at $4.15 (1.43%), 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 Rezolute, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rezolute, Inc. stock to perform well in the short-term.
Current score: 3.879 Buy Candidate Unchanged
Predicted Opening Price for Rezolute, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.27 ( 1.50%) | $4.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZLT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.54 | 7.92% |
| R2 | 4.44 | 5.47% |
| R1 | 4.38 | 3.95% |
| Price | 4.21 | |
| S1 | 4.17 | -0.95% |
| S2 | 4.11 | -2.46% |
| S3 | 4.00 | -4.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 10.45% |
| R2 | 4.30 | 2.14% |
| R1 | 4.26 | 1.19% |
| Price | 4.21 | |
| S1 | 4.15 | -1.43% |
| S2 | 3.95 | -6.18% |
| S3 | 3.56 | -15.44% |
FAQ
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