RSI low/high Values: [ 25 - 75 ]
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AI Analysis of RELL
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Richardson Electronics stock price up 0.327% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 1.99% PDF

The Richardson Electronics stock price gained 0.327% on the last trading day (Thursday, 28th Mar 2024), rising from $9.18 to $9.21. During the last trading day the stock fluctuated 1.98% from a day low at $9.07 to a day high of $9.25. The price has risen in 7 of the last 10 days and is up by 12.59% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 84 thousand shares were bought and sold for approximately $770.76 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $9.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.92% during the next 3 months and, with a 90% probability hold a price between $5.36 and $6.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RELL Signals & Forecast

The Richardson Electronics stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.95 and $8.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 12.59%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Richardson Electronics stock

Richardson Electronics finds support from accumulated volume at $9.19 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.180 between high and low, or 1.98%. For the last week the stock has had daily average volatility of 2.92%.

Our recommended stop-loss: $8.93 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (RELL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Richardson Electronics to open at $9.18, and during the day (based on 14 day Average True Range), to move between $8.93 and $9.49, which gives a possible trading interval of +/-$0.280 (+/-3.04%) up or down from last closing price. If Richardson Electronics takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.19 (0.22%) than the resistance at $10.12 (9.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Richardson Electronics stock A Buy?

Richardson Electronics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Richardson Electronics of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.18 ( 0.362%) $9.21

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

Trading levels for RELL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.36 1.59 %
R2 9.29 0.85 %
R1 9.25 0.385 %
Current price: 9.21
Support S1 9.11 -1.11 %
S2 9.07 -1.57 %
S3 9.00 -2.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.40 12.92 %
R2 10.17 10.42 %
R1 10.12 9.88 %
Current price 9.21
Support S1 9.19 -0.217%
S2 9.03 -1.95%
S3 8.79 -4.56%

RELL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 09, 2024 Feb 08, 2024 Feb 28, 2024 $0.0600 0.691%
2 Oct 11, 2023 Nov 09, 2023 Nov 29, 2023 $0.0600 0.477%
3 Jul 18, 2023 Aug 03, 2023 Aug 23, 2023 $0.0600 0.513%
4 Apr 04, 2023 May 04, 2023 May 24, 2023 $0.0600 0.343%
5 Jan 04, 2023 Feb 02, 2023 Feb 22, 2023 $0.0600 0.262%

FAQ

What is the symbol for Richardson Electronics Stock and on which exchange is it traded?
The symbol for Richardson Electronics is RELL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Richardson Electronics Stock?
Richardson Electronics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Richardson Electronics Stock?
Richardson Electronics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Richardson Electronics Stock.

What's the current price of Richardson Electronics Stock?
As of the end of day on the 2024-03-28, the price of an Richardson Electronics (RELL) share was $9.21.

What is the 52-week high and low for Richardson Electronics Stock?
The 52-week high for Richardson Electronics Stock is $23.36 and the 52-week low is $8.08.

What is the market capitalization of Richardson Electronics Stock?
As of the 2024-03-28, the market capitalization of Richardson Electronics is 129.601M.

When is the next earnings date for Richardson Electronics?
The upcoming earnings date for Richardson Electronics is Apr 03, 2024.
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About Richardson Electronics

Richardson Electronics Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; flat panel detector solutions, replacement pa... RELL Profile

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