Rgc price prediction for 17th August 2024

**Regencell Bioscience (RGC) Price Prediction for August 17, 2024**:

1. **Current Price and Recent Performance**:
- As of August 9, 2024, the closing price for Regencell Bioscience was $13.15.
- Over the past year, RGC has experienced significant volatility with a 0.382 Fibonacci Retracement at $18.27 and a 0.618 Fibonacci Retracement at $23.85.
2. **Moving Averages and Trends**:
- The 10-day moving average is $9.7, and the 20-day moving average is $8.33, indicating a potential upward trend.
- The 30-day moving average is $6.68, and the 50-day moving average is $5.74, suggesting a broader upward trend.
- The 200-day moving average is $7.6, which could act as a support level.

3. **Technical Indicators**:
- The MACD is at 0.14, which could indicate a potential upward momentum.
- The KDJ is at 73.11, suggesting that the stock may be overbought, which could lead to a pullback or consolidation.
- The RSI is at 67.37, indicating that the stock is neither overbought nor oversold.

|Ticker|Name|Date|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|
|RGC.O|Regencell Bioscience|20240809|67.3707|73.1131|0.1359|RGC|186|

4. **Fibonacci Retracement**:
- The 0.382 Fibonacci Retracement for the past month is $14.26, which could act as a support level.
- The 0.618 Fibonacci Retracement for the past month is $21.21, which could act as a resistance level.
- The 0.382 Fibonacci Retracement for the past week is $9.38, and the 0.618 Fibonacci Retracement is $11.26, indicating a narrow trading range.

|Ticker|Name|Date|Fibonacci Retracement (0.382)|code|market_code|
|---|---|---|---|---|---|
|RGC.O|Regencell Bioscience|20240711-20240809|14.264619999999999|RGC|186|

5. **Conclusion and Prediction**:
- Based on the analysis, Regencell Bioscience's stock price is likely to face some resistance around the $14.26 to $18.27 range, which corresponds to the 0.382 Fibonacci Retracement over the past year and the past month.
- However, the stock may find support around the $9.38 to $11.26 range, which corresponds to the 0.382 Fibonacci Retracement for the past week.
- Given the current technical indicators and moving averages, a cautious bullish outlook is advised for the short term, with a potential for a pullback or consolidation before any significant upward movement.

**Price Prediction for August 17, 2024**: It is difficult to provide a precise price target based on the available data, but RGC could potentially trade in the range of $12.00 to $15.00 on August 17, 2024, considering the current technical analysis and recent price movements.