RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RES
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Stronger technical forecast for RPC Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 5.74% PDF

The RPC Inc stock price gained 0.650% on the last trading day (Thursday, 28th Mar 2024), rising from $7.69 to $7.74. During the last trading day the stock fluctuated 1.55% from a day low at $7.70 to a day high of $7.82. The price has risen in 7 of the last 10 days and is up by 3.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $8.12 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.50% during the next 3 months and, with a 90% probability hold a price between $8.16 and $8.95 at the end of this 3-month period.

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RES Signals & Forecast

The RPC Inc 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 $7.72 and $7.41. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for RPC Inc stock

RPC Inc finds support from accumulated volume at $7.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.120 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: $7.41 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Monday, 1st we expect RPC Inc to open at $7.75, and during the day (based on 14 day Average True Range), to move between $7.53 and $7.95, which gives a possible trading interval of +/-$0.206 (+/-2.66%) up or down from last closing price. If RPC Inc takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.77 (0.39%) than the support at $7.62 (1.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is RPC Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for RPC Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.076 Buy Candidate Upgraded

Predicted Opening Price for RPC Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.75 ( 0.171%) $7.74

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

Trading levels for RES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.87 1.72 %
R2 7.83 1.13 %
R1 7.80 0.762 %
Current price: 7.74
Support S1 7.71 -0.420 %
S2 7.68 -0.785 %
S3 7.63 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 7.84 1.29 %
R1 7.77 0.388 %
Current price 7.74
Support S1 7.62 -1.55%
S2 7.32 -5.43%
S3 6.90 -10.85%

RES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Feb 08, 2024 Mar 11, 2024 $0.0400 0.527%
2 Oct 25, 2023 Nov 09, 2023 Dec 11, 2023 $0.0400 0.576%
3 Jul 26, 2023 Aug 09, 2023 Sep 11, 2023 $0.0400 0.478%
4 Apr 26, 2023 May 09, 2023 Jun 09, 2023 $0.0400 0.525%
5 Jan 25, 2023 Feb 09, 2023 Mar 10, 2023 $0.0400 0.473%

FAQ

What is the symbol for RPC Inc Stock and on which exchange is it traded?
The symbol for RPC Inc is RES and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell RPC Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for RPC Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of RPC Inc Stock?
As of the end of day on the 2024-03-28, the price of an RPC Inc (RES) share was $7.74.

What is the 52-week high and low for RPC Inc Stock?
The 52-week high for RPC Inc Stock is $9.41 and the 52-week low is $6.34.

What is the market capitalization of RPC Inc Stock?
As of the 2024-03-28, the market capitalization of RPC Inc is 1.629B.

When is the next earnings date for RPC Inc?
The upcoming earnings date for RPC Inc is Apr 24, 2024.
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About RPC Inc

RPC RPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pum... RES Profile

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