ROX Forecast and Technical Stock Analysis
Sell candidate since 2019-10-17 PDF
No changes to the price of Castle Brands Inc in the last trading day ( Thursday, 17th Oct 2019 ). During the day the stock fluctuated 0.00% from a day low at $1.26 to a day high of $1.26. The price has been going up and down for this period, and there has been a -0.79% loss for the last 2 weeks.
- 30 day high of the ROX stock price was $1.27 and low was $1.26.
- 90 day high was $1.27 and low was $0.49.
- 52 week high for Castle Brands Inc - $1.27 and low - $0.44.
Castle Brands Inc lies in the lower part of a very 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 $1.19 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 151.84% during the next 3 months and, with 90% probability hold a price between $3.00 and $4.26 at the end of this period.
There are few to none technical positive signals at the moment. Castle Brands Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.26 and $1.26. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday October 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.00 %Average volatility
Very Low Low Medium High Very High
The Castle Brands Inc stock holds several negative signals and despite the positive trend we believe Castle Brands Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|ROX $1.26 ($0.00 0.00%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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