Rallye SA Stock Forecast

Red day on Tuesday for Rallye SA
(Updated on May 21, 2024)

RAL.PA Signals & Forecast

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. The Rallye SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 0.0441€ and 0.0478€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rallye SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.0375€ and 0.0372€. 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, Rallye SA finds support just below today's level at 0.0375€. If this is broken, then the next support from accumulated volume will be at 0.0372€ and 0.0359€.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: 0.0423€ (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (RAL.PA) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Rallye SA to open at 0.0441€, and during the day (based on 14 day Average True Range), to move between 0.0415€ and 0.0467€, which gives a possible trading interval of +/-0.0026€ (+/-5.90%) up or down from last closing price. If Rallye SA takes out the full calculated possible swing range there will be an estimated 11.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.0478€ (8.39%) than the support at 0.0375€ (14.97%), 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 Rallye SA stock A Buy?

Rallye SA 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Rallye SA of Wednesday, May 22, 2024

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