RF Industries Stock Forecast
Evaluation of RF Industries stock downgraded after the last trading session.
(Updated on Apr 16, 2024)
The RF Industries stock price fell by -0.97% on the last day (Tuesday, 16th Apr 2024) from $3.08 to $3.05. During the last trading day the stock fluctuated 1.99% from a day low at $3.02 to a day high of $3.08. The price has fallen in 7 of the last 10 days and is down by -0.65% for this period. Volume has increased on the last day by 9 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, 11 thousand shares were bought and sold for approximately $32.86 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.13% during the next 3 months and, with a 90% probability hold a price between $2.93 and $3.25 at the end of this 3-month period.
RFIL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 0.99%. 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 RF Industries 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 $3.06 and $3.12. A break-up above any of these levels will issue buy signals. RF Industries 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 RF Industries stock
RF Industries finds support from accumulated volume at $3.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0600 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RFIL) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect RF Industries to open at $3.05, and during the day (based on 14 day Average True Range), to move between $2.99 and $3.11, which gives a possible trading interval of +/-$0.0552 (+/-1.81%) up or down from last closing price. If RF Industries takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.04 (0.33%) than the resistance at $3.07 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RF Industries stock A Buy?
RF Industries holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -1.877 Sell Candidate Downgraded
Predicted Opening Price for RF Industries of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$3.05 ( 0.00000000%) | $3.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFIL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.11 | 1.97 % | |
R2 | 3.09 | 1.22 % | ||
R1 | 3.07 | 0.751 % | ||
Current price: | 3.05 | |||
Support | S1 | 3.03 | -0.751 % | |
S2 | 3.01 | -1.22 % | ||
S3 | 2.99 | -1.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.25 | 6.56 % | |
R2 | 3.10 | 1.64 % | ||
R1 | 3.07 | 0.656 % | ||
Current price | 3.05 | |||
Support | S1 | 3.04 | -0.328% | |
S2 | 3.02 | -0.98% | ||
S3 | 3.01 | -1.31% |
RFIL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2020 | Mar 30, 2020 | Apr 15, 2020 | $0.0200 | 0.423% |
2 | Dec 13, 2019 | Dec 30, 2019 | Jan 15, 2020 | $0.0200 | 0.331% |
3 | Sep 10, 2019 | Sep 27, 2019 | Oct 15, 2019 | $0.0200 | 0.305% |
4 | Jun 10, 2019 | Jun 27, 2019 | Jul 15, 2019 | $0.0200 | 0.261% |
5 | Mar 08, 2019 | Mar 28, 2019 | Apr 15, 2019 | $0.0200 | 0.310% |
FAQ
Click here for our free guide on how to buy RF Industries Stock.