Rxrx short term price prediction 2024


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For a short-term price prediction, here is a detailed analysis of Recursion (RXRX) in 2024:
- Current Price and Recent Performance:
- As of October 23, 2024, the closing price of RXRX is $6.33, representing a decrease of 4.24% from the previous day1.
- The stock's moving averages are $6.64 for the 5-day and 10-day, and $6.71 for the 50-day, all below the current price, indicating a short-term downward trend23.
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RXRX Trend
- Technical Indicators:
- The MACD (Moving Average Convergence Divergence) is at 0.05, which could suggest a slight bullish momentum if it were to increase4.
- The KDJ (Stochastic oscillator) is at 67.97, and the RSI (Relative Strength Index) is at 48.64, both of which are close to the oversold threshold of 30, indicating that the stock may be undervalued and could potentially rise4.
- Support and Resistance Levels:
- The current support level is at $6.24, and the resistance level is at $6.635. The proximity of the resistance level to the current price suggests that breaking through this level could be challenging.
- If the stock price were to break below the support level, it could indicate further downward pressure.
- Fibonacci Retracement:
- The 0.382 Fibonacci Retracement over the past year is $9.2, and the 0.618 is $12.0867. These levels are significantly above the current price, suggesting that there is a gap to fill before the stock can reach these long-term Fibonacci levels.
RXRX Trend
- Short-Term Forecast:
- The forecast price for the next twenty trading days shows a general upward trend, with prices ranging from $6.79 to $7.588.
- The slight increase in the forecast price for the next few days suggests that there may be a short-term bounce in the stock's price.
RXRX Trend
In conclusion, while the short-term indicators suggest some potential for a price increase, the current technical position and the proximity of the resistance level make it crucial for RXRX to break through the $6.63 resistance level to sustain a bullish trend. The forecast prices for the next few days show a slight uptick, indicating a possible short-term recovery. However, investors should closely monitor the stock's performance against the resistance level and the support level for further guidance.
Source:
1.
RXRX Closing Price, Percentage Change
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