ReposiTrak, Inc. Stock Forecast
ReposiTrak, Inc. stock price ended at $15.77 on Monday, after losing 0.630%.
(Updated on Jun 17, 2024)
The ReposiTrak, Inc. stock price fell by -0.630% on the last day (Monday, 17th Jun 2024) from $15.87 to $15.77. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.59% from a day low at $15.72 to a day high of $15.97. The price has fallen in 8 of the last 10 days and is down by -2.83% for this period. Volume has increased on the last day by 56 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, 93 thousand shares were bought and sold for approximately $1.46 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.51 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 3.54% during the next 3 months and, with a 90% probability hold a price between $16.06 and $18.78 at the end of this 3-month period.
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TRAK Signals & Forecast
There are few to no technical positive signals at the moment. The ReposiTrak, Inc. 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 $15.97 and $16.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -9.05%. 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). ReposiTrak, 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".
Support, Risk & Stop-loss for ReposiTrak, Inc. stock
ReposiTrak, Inc. finds support from accumulated volume at $15.62 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 $0.250 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 2.81%.
ReposiTrak, Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $14.89 (-5.56%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (TRAK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect ReposiTrak, Inc. to open at $15.82, and during the day (based on 14 day Average True Range), to move between $15.18 and $16.36, which gives a possible trading interval of +/-$0.594 (+/-3.77%) up or down from last closing price. If ReposiTrak, Inc. takes out the full calculated possible swing range there will be an estimated 7.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.85 (0.51%) than the support at $15.62 (0.95%), 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 ReposiTrak, Inc. stock A Buy?
ReposiTrak, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.455 Hold/Accumulate Unchanged
Predicted Opening Price for ReposiTrak, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $15.82 ( 0.317%) | $15.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRAK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.07 | 1.90% |
| R2 | 15.97 | 1.30% |
| R1 | 15.92 | 0.92% |
| Price | 15.77 | |
| S1 | 15.72 | -0.289% |
| S2 | 15.67 | -0.663% |
| S3 | 15.57 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.19 | 9.00% |
| R2 | 17.16 | 8.81% |
| R1 | 15.85 | 0.507% |
| Price | 15.77 | |
| S1 | 15.62 | -0.95% |
| S2 | 15.50 | -1.71% |
| S3 | 15.10 | -4.25% |
TRAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 27, 2024 | May 10, 2024 | $0.0165 | 0.101% |
| 2 | Dec 12, 2023 | Dec 28, 2023 | Feb 01, 2024 | $0.0165 | 0.137% |
| 3 | Sep 19, 2023 | Sep 28, 2023 | Nov 01, 2023 | $0.0150 | 0.153% |
| 4 | Jun 20, 2023 | Jun 29, 2023 | Aug 01, 2023 | $0.0150 | 0.152% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | May 01, 2023 | $0.0150 | 0.235% |
FAQ
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