Red Cat Holdings, Inc. (RCAT)

Red Cat Holdings, Inc. is trading at $4.63, down 8.32% on the session. The 50 day average sits at $6.87 and the 200 day at $10.58, which puts the stock in a downtrend. RSI is at 35.8, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $4.41 with resistance near $5.13, so that band frames the current range. Average daily movement is roughly $0.36, or about 7.8% of the share price, which is what any stop placement has to allow for. The overall health score of 27 out of 100 combines a trend score of 0, momentum of 44 and a risk score of 46.

Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS product of defense used by combat soldiers, police officers, firefighters, wildlife managers, and industrial inspectors; and FANG, a first-person view small UAS. It also develops and produces long-endurance, vertical takeoff, and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, such as THE EDGE 130. In addition, the company develops BLUE OPS, a battle-tested uncrewed surface vessel weapons system. Further, it provides FANG FPV DRONE, part of ARACHNID family of unmanned intelligence. The company has a Partnership with Havoc to develop open-architecture autonomous maritime defense systems. Red Cat Holdings, Inc. is based in South Salt Lake, Utah.