Reeds Forecast and Stock Analysis
Technical REED stock analysis for Tuesday May 21, 2019.
|Price to book||USD 22.18|
|Next Earnings Date||2019-08-11|
Reeds gained 2.80% in the last trading day ( Tuesday, 21st May 2019 ), rising from $3.57 to $3.67 During day the stock fluctuated 5.69% from a day low at $3.51 to a day high of $3.71. The price has risen in 6 of the last 10 days and is up by 7% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 34 188 more shares were traded than the day before. In total, 98 434 shares bought and sold for approximately $361 253.00.
- 30 day high of the REED stock price was $4.05 and low was $3.36.
- 90 day high was $4.05 and low was $2.43.
- 52 week high for the Reeds - $4.05 and low - $1.90.
Reeds lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $3.53 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.26% during the next 3 months and, with 90% probability hold a price between $5.13 and $6.22 at the end of this period.
Only positive signals in the chart today. Reeds holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.74. On a fall, the stock will find some support from the long-term average at approximately $3.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Reeds has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $2.98 and $2.95.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Reeds finds support just below today's level at $2.98. If this is broken, then the next support from accumulated volume will be at $2.95 and $2.87.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (5.69%) between high and low. For the last week, the stock has had a daily average volatility of 6.35%.
Our recommended stoploss: $3.47 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
6.35 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
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|REED $3.67 ($0.10 2.80%)|
REED is up $0.10 today, but where's it headed in 2019?
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