Rentech Fund Forecast

Rentech fund price down 0% on Tuesday
(Updated on Oct 31, 2017)

RTK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, October 12, 2017, and so far it has risen 5.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rentech fund 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 $0.200 and $0.312. A break-up above any of these levels will issue buy signals. 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".

Support, Risk & Stop-loss for Rentech fund

On the downside, the fund finds support just below today's level from accumulated volume at $0.190. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the fund price.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0.0100 between high and low, or 5.00%. For the last week the fund has had daily average volatility of 5.00%

Rentech is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (RTK) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Rentech to open at $0.203, and during the day (based on 14 day Average True Range), to move between $0.171 and $0.229, which gives a possible trading interval of +/-$0.0286 (+/-14.32%) up or down from last closing price. If Rentech takes out the full calculated possible swing range there will be an estimated 28.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.190 (5.00%) than the resistance at $0.240 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rentech fund A Buy?

Rentech holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -3.420 Sell Candidate Unchanged

Predicted Opening Price for Rentech of Wednesday, November 1, 2017

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