Thursday October 17, 2019 Change -1.03% Price $0.78
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REED Forecast and Technical Stock Analysis

Sell candidate since 2019-07-26 Loss -77.46% PDF

Reeds fell by -1.03% in the last day ( Thursday, 17th Oct 2019 ) from $0.79 to $0.78 and has now fallen 3 days in a row. During the day the stock fluctuated 6.71% from a day low at $0.75 to a day high of $0.80. The price has fallen in 6 of the last 10 days and is down by -16.18% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -124 128 shares and in total 85 428 shares bought and sold for approximately $66 625.30.

Quick summary:

  • 30 day high of the REED stock price was $1.70 and low was $0.69.
  • 90 day high was $3.65 and low was $0.69.
  • 52 week high for Reeds - $4.05 and low - $0.69.
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Reeds lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -76.14% during the next 3 months and, with 90% probability hold a price between $0.12 and $0.22 at the end of this period.

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A buy signal was issued from a pivot bottom point on Thursday October 10, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Reeds holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.30. On a fall, the stock will find some support from the short-term average at $0.78. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Reeds finds support from accumulated volume at $0.77.

Support: $0.77 Price: $0.78 Resistance: $0.80


This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.05 between high and low, or 6.71%. For the last week the stock has had a daily average volatility of 10.20%.

Reeds is oversold on RSI14 (17). 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 sell evaluation for this stock. No stop-loss set.

10.20 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded


Reeds 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.

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