Ritter Pharmaceuticals Stock Forecast
Big movements in Ritter Pharmaceuticals stock price on Monday moving 23.55% between high and low
(Updated on Jun 08, 2020)
The Ritter Pharmaceuticals stock price gained 14.81% on the last trading day (Monday, 8th Jun 2020), rising from $5.13 to $5.89. During the last trading day the stock fluctuated 23.55% from a day low at $5.01 to a day high of $6.19. The price has fallen in 5 of the last 10 days but is still up by 1214.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $10.02 million.
The stock 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 116.32% during the next 3 months and, with a 90% probability hold a price between $2.67 and $18.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RTTR Signals & Forecast
The Ritter Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $5.58 and $2.02. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 26, 2020, and so far it has fallen -24.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ritter Pharmaceuticals stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.59 and $5.13. 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, Ritter Pharmaceuticals finds support just below today's level at $5.59. If this is broken, then the next support from accumulated volume will be at $5.13 and $5.08.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.18 between high and low, or 23.55%. For the last week the stock has had daily average volatility of 13.60%.
Our recommended stop-loss: $5.56 (-5.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (RTTR) For The Upcoming Trading Day Of Tuesday 9th
For the upcoming trading day on Tuesday, 9th we expect Ritter Pharmaceuticals to open at $5.70, and during the day (based on 14 day Average True Range), to move between $5.14 and $6.64, which gives a possible trading interval of +/-$0.752 (+/-12.76%) up or down from last closing price. If Ritter Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 25.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.59 (5.09%) than the resistance at $6.40 (8.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ritter Pharmaceuticals stock A Buy?
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 Ritter Pharmaceuticals stock to perform well in the short-term.
Current score: 4.529 Buy Candidate Unchanged
Predicted Opening Price for Ritter Pharmaceuticals of Tuesday, June 9, 2020
| Fair opening price June 9, 2020 | Current price |
|---|---|
| $5.70 ( 3.28%) | $5.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.88 | 16.75 % | |
| R2 | 6.43 | 9.10 % | ||
| R1 | 6.15 | 4.37 % | ||
| Current price: | 5.89 | |||
| Support | S1 | 5.25 | -10.94 % | |
| S2 | 4.97 | -15.66 % | ||
| S3 | 4.52 | -23.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.45 | 9.51 % | ||
| R1 | 6.40 | 8.66 % | ||
| Current price | 5.89 | |||
| Support | S1 | 5.59 | -5.09% | |
| S2 | 5.13 | -12.90% | ||
| S3 | 5.08 | -13.75% |
FAQ
Click here for our free guide on how to buy Ritter Pharmaceuticals Stock.
