Ralph Lauren Corporation Stock Forecast

Ralph Lauren Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

0KTS.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -2.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ralph Lauren Corporation 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 Ralph Lauren Corporation 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 £183.00 and £176.81. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Ralph Lauren Corporation stock

Ralph Lauren Corporation finds support from accumulated volume at £180.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £3.21 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: £175.96 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (0KTS.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ralph Lauren Corporation to open at £184.39, and during the day (based on 14 day Average True Range), to move between £179.86 and £187.48, which gives a possible trading interval of +/-£3.81 (+/-2.08%) up or down from last closing price. If Ralph Lauren Corporation takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £184.59 (0.50%) than the support at £180.71 (1.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ralph Lauren Corporation stock A Buy?

Ralph Lauren Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.079 Hold/Accumulate Downgraded

Predicted Opening Price for Ralph Lauren Corporation of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.