Rocky Mountain High Brands, Inc. Forecast and Stock Analysis
Technical RMHB stock analysis for Friday May 24, 2019.
Rocky Mountain High Brands, Inc. gained 11.52% in the last trading day ( Friday, 24th May 2019 ), rising from $0.07 to $0.08 During day the stock fluctuated 26.40% from a day low at $0.06 to a day high of $0.08. The price has risen in 5 of the last 10 days and is up by 0.06% over the past 2 weeks. Volume fell in the last day by -506 399 shares, and in total, 363 738 shares bought and sold for approximately $28 244.30. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the RMHB stock price was $0.25 and low was $0.06.
- 90 day high was $0.27 and low was $0.00.
- 52 week high for the Rocky Mountain High Brands, Inc. - $0.27 and low - $0.00.
Rocky Mountain High Brands, Inc. lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 145.52% during the next 3 months and, with 90% probability hold a price between $0.08 and $0.43 at the end of this period.
Rocky Mountain High Brands, Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $0.08 and $0.06. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 23, 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. 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.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Rocky Mountain High Brands, Inc. finds support from accumulated volume at $0.08.
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 $0.02 between high and low, or 26.40%. For the last week the stock has had a daily average volatility of 21.07%.
Our recommended stoploss: $0.07 (-4.68%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
21.07 %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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