Rubicon Technology Stock Forecast

Stronger technical forecast for Rubicon Technology stock price after Friday trading.
(Updated on Apr 26, 2024)

RBCN Signals & Forecast

Rubicon Technology has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rubicon Technology 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 $0.769 and $0.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -27.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Rubicon Technology stock

Rubicon Technology finds support from accumulated volume at $0.720 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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.695 (-4.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (RBCN) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Rubicon Technology to open at $0.730, and during the day (based on 14 day Average True Range), to move between $0.662 and $0.798, which gives a possible trading interval of +/-$0.0682 (+/-9.35%) up or down from last closing price. If Rubicon Technology takes out the full calculated possible swing range there will be an estimated 18.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.720 (1.37%) than the resistance at $0.750 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rubicon Technology stock A Buy?

Rubicon Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Rubicon Technology of Monday, April 29, 2024

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