Randon S.A. Implementos e Stock Forecast

Weaker technical forecast for Randon S.A. Implementos e as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)

RAPT4.SA Signals & Forecast

There are mixed signals in the stock today. The Randon S.A. Implementos e 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 R$12.26. On a fall, the stock will find some support from the short-term average at R$10.92. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.77%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Randon S.A. Implementos e stock

Randon S.A. Implementos e finds support from accumulated volume at R$11.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved R$0.410 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RAPT4.SA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Randon S.A. Implementos e Participações to open at R$11.08, and during the day (based on 14 day Average True Range), to move between R$10.82 and R$11.58, which gives a possible trading interval of +/-R$0.379 (+/-3.38%) up or down from last closing price. If Randon S.A. Implementos e Participações takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at R$11.00 (1.79%) than the resistance at R$11.81 (5.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Randon S.A. Implementos e Participações stock A Buy?

Randon S.A. Implementos e 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: -1.450 Sell Candidate Downgraded

Predicted Opening Price for Randon S.A. Implementos e Participações of Monday, May 6, 2024

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