Ralph Lauren Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ralph Lauren Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Ralph Lauren Corporation stock price fell by -3.02% on the last day (Friday, 28th Jun 2024) from £179.50 to £174.08. During the last trading day the stock fluctuated 2.69% from a day low at £170.50 to a day high of £175.08. The price has fallen in 5 of the last 10 days and is down by -3.95% for this period. Volume has increased on the last day by 76 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, 76 shares were bought and sold for approximately £13.23 thousand.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £174.44. A reaction back to this level may hold a second chance to get out before further falls.
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0KTS.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ralph Lauren Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £181.15 and £177.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -7.51%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ralph Lauren Corporation stock
Ralph Lauren Corporation finds support from accumulated volume at £173.91 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 £4.58 between high and low, or 2.69%. For the last week the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: £164.61 (-5.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (0KTS.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ralph Lauren Corporation to open at £173.22, and during the day (based on 14 day Average True Range), to move between £170.12 and £178.04, which gives a possible trading interval of +/-£3.96 (+/-2.27%) up or down from last closing price. If Ralph Lauren Corporation takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £173.91 (0.10%) than the resistance at £175.08 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ralph Lauren Corporation stock A Buy?
Ralph Lauren Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ralph Lauren Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £173.22 ( 0.493%) | £174.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0KTS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 177.80 | 2.14% |
| R2 | 176.05 | 1.13% |
| R1 | 174.97 | 0.512% |
| Price | 174.08 | |
| S1 | 171.47 | -1.50% |
| S2 | 170.39 | -2.12% |
| S3 | 168.64 | -3.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.71 | 3.81% |
| R2 | 179.50 | 3.12% |
| R1 | 175.08 | 0.576% |
| Price | 174.08 | |
| S1 | 173.91 | -0.0962% |
| S2 | 169.80 | -2.46% |
| S3 | 160.99 | -7.52% |
0KTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 12, 2024 | £0.83 | 0.474% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | £0.750 | 0.465% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | £0.750 | 0.542% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 13, 2023 | £0.750 | 0.685% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 14, 2023 | £0.750 | 0.600% |
FAQ
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