Radcom Ltd. Stock Forecast
Radcom Ltd. stock downgraded to Sell Candidate
(Updated on May 09, 2024)
The Radcom Ltd. stock price fell by -4.73% on the last day (Thursday, 9th May 2024) from $9.51 to $9.06. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.18% from a day low at $8.85 to a day high of $9.49. The price has fallen in 5 of the last 10 days but is still up by 4.62% over the past 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 thousand shares were bought and sold for approximately $264.33 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.82% during the next 3 months and, with a 90% probability hold a price between $7.32 and $9.56 at the end of this 3-month period.
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RDCM 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 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 $9.37 and $9.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -6.50%. Further fall is indicated until a new bottom pivot has been found. Radcom Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Radcom Ltd. stock
Radcom Ltd. finds support from accumulated volume at $8.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.635 between high and low, or 7.18%. For the last week, the stock has had daily average volatility of 4.92%.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Radcom Ltd. to open at $9.13, and during the day (based on 14 day Average True Range), to move between $8.57 and $9.55, which gives a possible trading interval of +/-$0.488 (+/-5.39%) up or down from last closing price. If Radcom Ltd. takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.80 (2.87%) than the resistance at $9.77 (7.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Radcom Ltd. will release earnings BMO on Wednesday, May 15, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.180. We will update the financials statements for Radcom Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.93% in the first trading day after earnings release.
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. 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: -4.809 Sell Candidate Downgraded
Predicted Opening Price for Radcom Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $9.13 ( 0.791%) | $9.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RDCM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.77 | 7.80 % | |
| R2 | 9.52 | 5.12 % | ||
| R1 | 9.37 | 3.47 % | ||
| Current price: | 9.06 | |||
| Support | S1 | 8.89 | -1.89 % | |
| S2 | 8.74 | -3.54 % | ||
| S3 | 8.50 | -6.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.74 | 18.54 % | |
| R2 | 10.03 | 10.71 % | ||
| R1 | 9.77 | 7.84 % | ||
| Current price | 9.06 | |||
| Support | S1 | 8.80 | -2.87% | |
| S2 | 8.66 | -4.42% | ||
| S3 | 8.63 | -4.75% |
FAQ
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