RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of R
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Weaker technical forecast for Ryder System Inc as stock downgraded to Hold/Accumulate.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 10.66% PDF

The Ryder System Inc stock price fell by -0.725% on the last day (Tuesday, 23rd Jul 2024) from $133.88 to $132.91. During the last trading day the stock fluctuated 2.71% from a day low at $132.18 to a day high of $135.76. The price has risen in 7 of the last 10 days and is up by 13.39% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 225 thousand shares were bought and sold for approximately $29.94 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $136.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.17% during the next 3 months and, with a 90% probability hold a price between $121.63 and $140.45 at the end of this 3-month period.

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R Signals & Forecast

The Ryder System Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $133.23. On a fall, the stock will find some support from the long-term average at approximately $123.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Ryder System Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $123.88 and $122.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ryder System Inc finds support just below today's level at $123.88. If this is broken, then the next support from accumulated volume will be at $122.19 and $121.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.58 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: $127.40 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (R) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Ryder System Inc to open at $133.62, and during the day (based on 14 day Average True Range), to move between $129.76 and $136.06, which gives a possible trading interval of +/-$3.15 (+/-2.37%) up or down from last closing price. If Ryder System Inc takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $133.88 (0.73%) than the support at $123.88 (6.79%), 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 Ryder System Inc stock A Buy?

Ryder System Inc 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: 0.594 Hold/Accumulate Downgraded

Predicted Opening Price for Ryder System Inc of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$133.62 ( 0.531%) $132.91

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

Trading levels for R

Fibonacci Support & Resistance Levels

Level Price
R3 137.20 3.23%
R2 135.83 2.20%
R1 134.98 1.56%
Price 132.91
S1 132.25 -0.498%
S2 131.40 -1.13%
S3 130.03 -2.16%

Accumulated Volume Support & Resistance Levels

Level Price
R3 135.79 2.17%
R2 134.66 1.32%
R1 133.88 0.730%
Price 132.91
S1 123.88 -6.79%
S2 122.19 -8.07%
S3 121.00 -8.96%

R Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 12, 2024 Aug 19, 2024 Sep 20, 2024 $0.81 0.609%
2 May 17, 2024 May 17, 2024 Jun 21, 2024 $0.710 0.587%
3 Feb 09, 2024 Feb 16, 2024 Mar 15, 2024 $0.710 0.632%
4 Oct 12, 2023 Nov 17, 2023 Dec 15, 2023 $0.710 0.637%
5 Jul 12, 2023 Aug 18, 2023 Sep 15, 2023 $0.710 0.696%

FAQ

What is the symbol for Ryder System Inc Stock and on which exchange is it traded?
The symbol for Ryder System Inc is R and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ryder System Inc Stock?
Ryder System Inc 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.

How to buy Ryder System Inc Stock?
Ryder System Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ryder System Inc Stock.

What's the current price of Ryder System Inc Stock?
As of the end of day on the Jul 23, 2024, the price of an Ryder System Inc (R) share was $132.91.

What is the 52-week high and low for Ryder System Inc Stock?
The 52-week high for Ryder System Inc Stock is $136.41 and the 52-week low is $90.22.

What is the market capitalization of Ryder System Inc Stock?
As of the Jul 23, 2024, the market capitalization of Ryder System Inc is 5.825B.

When is the next earnings date for Ryder System Inc?
The upcoming earnings date for Ryder System Inc is Jul 25, 2024.
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About Ryder System Inc

Ryder System Ryder System, Inc. operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental s... R Profile

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