Reliq Health Technologies Stock Forecast
Volatile ride for Reliq Health Technologies stock price on Friday moving between $0.0550 and $0.130
(Updated on Apr 26, 2024)
The Reliq Health Technologies stock price fell by -50.58% on the last day (Friday, 26th Apr 2024) from $0.111 to $0.0550. During the last trading day the stock fluctuated 136.36% from a day low at $0.0550 to a day high of $0.130. The price has risen in 5 of the last 10 days but is still down by -48.93% for this period. Volume has increased on the last day by 47 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 48 thousand shares were bought and sold for approximately $2.64 thousand.
The stock 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 -42.42% during the next 3 months and, with a 90% probability hold a price between $0.0128 and $0.0633 at the end of this 3-month period.
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RQHTF Signals & Forecast
There are few to no technical positive signals at the moment. The Reliq Health Technologies 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 $0.0553 and $0.0987. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -50.58%. 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). Reliq Health Technologies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Reliq Health Technologies stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0513 and $0.0500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0500 may give a huge drop in the stock price.
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 $0.0750 between high and low, or 136.36%. For the last week, the stock has had daily average volatility of 53.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RQHTF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Reliq Health Technologies to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0217 and $0.0883, which gives a possible trading interval of +/-$0.0333 (+/-60.57%) up or down from last closing price. If Reliq Health Technologies takes out the full calculated possible swing range there will be an estimated 121.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0513 (6.73%) than the resistance at $0.0650 (18.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reliq Health Technologies stock A Buy?
Reliq Health Technologies holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -7.014 Strong Sell Candidate Downgraded
Predicted Opening Price for Reliq Health Technologies of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0800 ( 45.45%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RQHTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.155 | 181.82 % | |
| R2 | 0.126 | 129.73 % | ||
| R1 | 0.109 | 97.55 % | ||
| Current price: | 0.0550 | |||
| Support | S1 | 0.0514 | -6.64 % | |
| S2 | 0.0337 | -38.82 % | ||
| S3 | 0.0050 | -90.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0650 | 18.18 % | ||
| Current price | 0.0550 | |||
| Support | S1 | 0.0513 | -6.73% | |
| S2 | 0.0500 | -9.09% | ||
| S3 | 0 | . |
FAQ
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