RCM Stock Forecast
RCM stock price down 0% on Tuesday
(Updated on Jul 02, 2024)
No changes to the price of RCM stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 3.00% from a day low at $18.00 to a day high of $18.54. The price has fallen in 7 of the last 10 days and is down by -6.43% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.18 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.43% during the next 3 months and, with a 90% probability hold a price between $17.74 and $21.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RCMT Signals & Forecast
There are mixed signals in the stock today. The RCM 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 $18.48 and $20.02. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for RCM 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.540 between high and low, or 3.00%. For the last week the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RCMT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect RCM Technologies to open at $18.24, and during the day (based on 14 day Average True Range), to move between $17.63 and $18.75, which gives a possible trading interval of +/-$0.563 (+/-3.10%) up or down from last closing price. If RCM Technologies takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.08, some $0.89 (4.89%) from the current price of $18.19, our system finds the risk reward not very attractive.
Is RCM Technologies stock A Buy?
RCM 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.
Current score: -2.299 Sell Candidate Unchanged
Predicted Opening Price for RCM Technologies of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.24 ( 0.293%) | $18.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCMT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.78 | 3.26% |
| R2 | 18.58 | 2.13% |
| R1 | 18.45 | 1.43% |
| Price | 18.19 | |
| S1 | 18.04 | -0.84% |
| S2 | 17.91 | -1.54% |
| S3 | 17.70 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.10 | 10.50% |
| R2 | 19.10 | 5.00% |
| R1 | 19.08 | 4.89% |
| Price | 18.19 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
RCMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2017 | Dec 21, 2017 | Dec 28, 2017 | $1.00 | 15.95% |
| 2 | Dec 10, 2015 | Dec 18, 2015 | Dec 30, 2015 | $1.00 | 18.66% |
| 3 | Dec 15, 2014 | Dec 31, 2014 | Dec 30, 2014 | $2.00 | 23.39% |
| 4 | Dec 16, 2014 | Dec 23, 2014 | Dec 30, 2014 | $2.00 | 23.39% |
| 5 | Dec 04, 2012 | Dec 18, 2012 | Dec 27, 2012 | $1.00 | 18.59% |
FAQ
Click here for our free guide on how to buy RCM Stock.
