Rocky Mountain High Brands, Inc. Stock Forecast

Volatile ride for Rocky Mountain High Brands, Inc. stock price on Monday moving between $0.0100 and $0.0125
(Updated on Apr 15, 2024)

RMHB Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rocky Mountain High Brands, 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 $0.0114 and $0.0118. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -38.89%. 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).

Support, Risk & Stop-loss for Rocky Mountain High Brands, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0102 and $0.0100. There is a 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, Rocky Mountain High Brands, Inc. finds support just below today's level at $0.0102. If this is broken, then the next support from accumulated volume will be at $0.0100 and $0.0090.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0025 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 17.73%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RMHB) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Rocky Mountain High Brands, Inc. to open at $0.0112, and during the day (based on 14 day Average True Range), to move between $0.0073 and $0.0147, which gives a possible trading interval of +/-$0.0037 (+/-33.90%) up or down from last closing price. If Rocky Mountain High Brands, Inc. takes out the full calculated possible swing range there will be an estimated 67.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0102 (7.27%) than the resistance at $0.0125 (13.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rocky Mountain High Brands, Inc. stock A Buy?

The Rocky Mountain High Brands, Inc. stock holds several negative signals and despite the positive trend, we believe Rocky Mountain High Brands, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.762 Sell Candidate Upgraded

Predicted Opening Price for Rocky Mountain High Brands, Inc. of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.