Radcom Ltd. Stock Forecast

Red day on Friday for Radcom Ltd. stock after losing 0%
(Updated on Apr 26, 2024)

RDCM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.348%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Radcom Ltd. 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 $8.85 and $10.27. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Radcom Ltd. stock

Radcom Ltd. finds support from accumulated volume at $8.63 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 $0.474 between high and low, or 5.50%. For the last week, the stock has had daily average volatility of 4.61%.

Radcom Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

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

For the upcoming trading day on Monday, 29th we expect Radcom Ltd. to open at $8.78, and during the day (based on 14 day Average True Range), to move between $8.17 and $9.15, which gives a possible trading interval of +/-$0.495 (+/-5.71%) up or down from last closing price. If Radcom Ltd. takes out the full calculated possible swing range there will be an estimated 11.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.63 (0.35%) than the resistance at $10.03 (15.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Radcom Ltd. stock A Buy?

Radcom Ltd. 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.

Current score: -3.659 Sell Candidate Unchanged

Predicted Opening Price for Radcom Ltd. of Monday, April 29, 2024

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