Randon S.A. Implementos e Stock Forecast

Evaluation of Randon S.A. Implementos e stock downgraded after the last trading session.
(Updated on May 17, 2024)

RAPT4.SA 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 Randon S.A. Implementos e 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 R$10.14 and R$11.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -26.17%. 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 Randon S.A. Implementos e stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 R$0.290 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 3.65%.

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 20th

For the upcoming trading day on Monday, 20th we expect Randon S.A. Implementos e Participações to open at R$9.97, and during the day (based on 14 day Average True Range), to move between R$9.52 and R$10.34, which gives a possible trading interval of +/-R$0.412 (+/-4.15%) 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 8.29% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ R$10.39, some R$0.460 (4.63%) from the current price of R$9.93, our system finds the risk reward not very attractive.

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

Randon S.A. Implementos e holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.512 Strong Sell Candidate Downgraded

Predicted Opening Price for Randon S.A. Implementos e Participações of Monday, May 20, 2024

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