Radware Ltd. Stock Forecast
Radware Ltd. stock price ended at $16.86 on Thursday, after gaining 1.44%.
(Updated on May 02, 2024)
The Radware Ltd. stock price gained 1.44% on the last trading day (Thursday, 2nd May 2024), rising from $16.62 to $16.86. During the last trading day the stock fluctuated 1.93% from a day low at $16.55 to a day high of $16.87. The price has been going up and down for this period, and there has been a 3.69% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 98 thousand shares were bought and sold for approximately $1.65 million.
The stock lies in the middle of a 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 -8.57% during the next 3 months and, with a 90% probability hold a price between $14.45 and $17.89 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.
RDWR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Radware 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 $16.94 and $17.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Radware Ltd. stock
Radware Ltd. finds support from accumulated volume at $16.62 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 $0.320 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RDWR) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Radware Ltd. to open at $16.76, and during the day (based on 14 day Average True Range), to move between $16.39 and $17.33, which gives a possible trading interval of +/-$0.475 (+/-2.82%) up or down from last closing price. If Radware Ltd. takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.62 (1.42%) than the resistance at $19.55 (15.95%), 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
Radware Ltd. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for Radware Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.97% in the first trading day after earnings release.
Is Radware Ltd. stock A Buy?
Radware Ltd. holds several negative signals and is within a 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: -4.186 Sell Candidate Unchanged
Predicted Opening Price for Radware Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $16.76 ( 0.593%) | $16.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RDWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.08 | 1.30 % | |
| R2 | 16.96 | 0.580 % | ||
| R1 | 16.88 | 0.132 % | ||
| Current price: | 16.86 | |||
| Support | S1 | 16.64 | -1.32 % | |
| S2 | 16.56 | -1.77 % | ||
| S3 | 16.44 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.38 | 20.88 % | |
| R2 | 20.21 | 19.87 % | ||
| R1 | 19.55 | 15.95 % | ||
| Current price | 16.86 | |||
| Support | S1 | 16.62 | -1.42% | |
| S2 | 16.45 | -2.43% | ||
| S3 | 16.14 | -4.27% |
FAQ
Click here for our free guide on how to buy Radware Ltd. Stock.
