Randstad NV Stock Forecast
Randstad NV stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 24, 2024)
The Randstad NV stock price fell by -0.794% on the last day (Friday, 24th May 2024) from 50.38€ to 49.98€. During the last trading day the stock fluctuated 0.96% from a day low at 49.82€ to a day high of 50.30€. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume has increased on the last day by 112 thousand 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, 337 thousand shares were bought and sold for approximately 16.87€ million.
The stock lies the upper part of a wide and falling 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 50.66€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.01% during the next 3 months and, with a 90% probability hold a price between 41.83€ and 48.13€ 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
The Randstad NV 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 50.37€. On a fall, the stock will find some support from the long-term average at approximately 48.35€. 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 Monday, May 20, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Randstad NV stock
Randstad NV finds support from accumulated volume at 48.92€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.480€ between high and low, or 0.96%. For the last week, the stock has had daily average volatility of 0.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAND.AS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Randstad NV to open at 50.03€, and during the day (based on 14 day Average True Range), to move between 49.17€ and 50.79€, which gives a possible trading interval of +/-0.81€ (+/-1.62%) up or down from last closing price. If Randstad NV takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.40€ (0.84%) than the support at 48.92€ (2.12%), 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 Randstad NV stock A Buy?
Randstad NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.722 Sell Candidate Downgraded
Predicted Opening Price for Randstad NV of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 50.03€ ( 0.107%) | 49.98€ |
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 | 50.51 | 1.07 % | |
| R2 | 50.33 | 0.700 % | ||
| R1 | 50.22 | 0.474 % | ||
| Current price: | 49.98 | |||
| Support | S1 | 49.85 | -0.260 % | |
| S2 | 49.74 | -0.487 % | ||
| S3 | 49.55 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.02 | 2.08 % | |
| R2 | 50.84 | 1.72 % | ||
| R1 | 50.40 | 0.84 % | ||
| Current price | 49.98 | |||
| Support | S1 | 48.92 | -2.12% | |
| S2 | 46.47 | -7.02% | ||
| S3 | 45.00 | -9.96% |
RAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 26, 2024 | Sep 26, 2024 | Oct 01, 2024 | 1.27€ | 2.54% |
| 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% |
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