Remark Holdings, Inc. Stock Forecast
Big movements in Remark Holdings, Inc. stock price on Thursday moving 26.76% between high and low
(Updated on Apr 18, 2024)
The Remark Holdings, Inc. stock price gained 6.47% on the last trading day (Thursday, 18th Apr 2024), rising from $0.150 to $0.160. During the last trading day the stock fluctuated 26.76% from a day low at $0.142 to a day high of $0.180. The price has fallen in 7 of the last 10 days and is down by -19.47% for this period. Volume fell on the last day by -5 thousand shares and in total, 327 thousand shares were bought and sold for approximately $52.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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MARK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Remark Holdings, 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 $0.162 and $0.244. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 30, 2024, and so far it has fallen -87.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Remark Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.150 and $0.143. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.143 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0380 between high and low, or 26.76%. For the last week the stock has had daily average volatility of 20.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MARK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Remark Holdings, Inc. to open at $0.161, and during the day (based on 14 day Average True Range), to move between $0.114 and $0.205, which gives a possible trading interval of +/-$0.0455 (+/-28.51%) up or down from last closing price. If Remark Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 57.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.160 (0.19%) than the support at $0.150 (6.07%), 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 Remark Holdings, Inc. stock A Buy?
Remark Holdings, Inc. 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: -6.723 Strong Sell Candidate Unchanged
Predicted Opening Price for Remark Holdings, Inc. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$0.161 ( 0.543%) | $0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.199 | 24.34 % | |
R2 | 0.184 | 15.25 % | ||
R1 | 0.175 | 9.63 % | ||
Current price: | 0.160 | |||
Support | S1 | 0.146 | -8.55 % | |
S2 | 0.137 | -14.16 % | ||
S3 | 0.123 | -23.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.199 | 24.61 % | |
R2 | 0.175 | 9.52 % | ||
R1 | 0.160 | 0.188 % | ||
Current price | 0.160 | |||
Support | S1 | 0.150 | -6.07% | |
S2 | 0.143 | -10.58% | ||
S3 | 0 | . |
FAQ
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