Randstad NV Stock Forecast
Randstad NV stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Randstad NV stock price gained 0.387% on the last trading day (Friday, 3rd May 2024), rising from 46.52€ to 46.70€. During the last trading day the stock fluctuated 1.93% from a day low at 46.65€ to a day high of 47.55€. The price has risen in 6 of the last 10 days but is still down by -3.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 437 thousand shares were bought and sold for approximately 20.40€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.62% during the next 3 months and, with a 90% probability hold a price between 39.11€ and 43.49€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RAND.AS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Randstad NV stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 48.72€. On a fall, the stock will find some support from the short-term average at 46.60€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Randstad NV stock
Randstad NV finds support from accumulated volume at 46.47€ 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 0.90€ (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: 44.29€ (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (RAND.AS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Randstad NV to open at 46.97€, and during the day (based on 14 day Average True Range), to move between 45.58€ and 47.82€, which gives a possible trading interval of +/-1.12€ (+/-2.40%) up or down from last closing price. If Randstad NV takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 46.47€ (0.49%) than the resistance at 50.40€ (7.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Randstad NV stock A Buy?
Randstad NV 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.227 Hold/Accumulate Upgraded
Predicted Opening Price for Randstad NV of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
46.97€ ( 0.571%) | 46.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAND.AS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.87 | 2.50 % | |
R2 | 47.52 | 1.76 % | ||
R1 | 47.31 | 1.31 % | ||
Current price: | 46.70 | |||
Support | S1 | 46.62 | -0.165 % | |
S2 | 46.41 | -0.620 % | ||
S3 | 46.07 | -1.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.62 | 12.68 % | |
R2 | 50.84 | 8.87 % | ||
R1 | 50.40 | 7.92 % | ||
Current price | 46.70 | |||
Support | S1 | 46.47 | -0.493% | |
S2 | 45.69 | -2.16% | ||
S3 | 45.00 | -3.64% |
RAND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 26, 2024 | Sep 26, 2024 | Oct 01, 2024 | 1.27€ | 2.72% |
2 | Mar 28, 2024 | Mar 28, 2024 | Apr 04, 2024 | 2.28€ | 4.69% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 2.85€ | 5.24% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | 2.81€ | 6.55% |
5 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | 2.19€ | 4.01% |
FAQ
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