RPC Inc Stock Forecast
RPC Inc stock price up 2.27% on Friday
(Updated on May 03, 2024)
The RPC Inc stock price gained 2.27% on the last trading day (Friday, 3rd May 2024), rising from $6.62 to $6.77. During the last trading day the stock fluctuated 4.14% from a day low at $6.52 to a day high of $6.79. The price has fallen in 6 of the last 10 days and is down by -14.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 790 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $14.70 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.50% during the next 3 months and, with a 90% probability hold a price between $6.92 and $8.61 at the end of this 3-month period.
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RES Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.36%. Further rise is indicated until a new top pivot has been found. 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 RPC Inc 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 $6.89 and $7.63. 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 RPC Inc stock
RPC Inc finds support from accumulated volume at $6.69 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 $0.270 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RES) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect RPC Inc to open at $6.69, and during the day (based on 14 day Average True Range), to move between $6.48 and $7.06, which gives a possible trading interval of +/-$0.289 (+/-4.28%) up or down from last closing price. If RPC Inc takes out the full calculated possible swing range there will be an estimated 8.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.69 (1.18%) than the resistance at $7.12 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RPC Inc stock A Buy?
The RPC Inc stock holds several negative signals and despite the positive trend, we believe RPC Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.471 Sell Candidate Unchanged
Predicted Opening Price for RPC Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $6.69 ( 1.13%) | $6.77 |
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 | 6.96 | 2.86 % | |
| R2 | 6.86 | 1.33 % | ||
| R1 | 6.80 | 0.391 % | ||
| Current price: | 6.77 | |||
| Support | S1 | 6.59 | -2.66 % | |
| S2 | 6.53 | -3.60 % | ||
| S3 | 6.42 | -5.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.36 | 8.71 % | |
| R2 | 7.32 | 8.12 % | ||
| R1 | 7.12 | 5.17 % | ||
| Current price | 6.77 | |||
| Support | S1 | 6.69 | -1.18% | |
| S2 | 6.62 | -2.22% | ||
| S3 | 6.55 | -3.25% |
RES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | Jun 10, 2024 | $0.0400 | 0.591% |
| 2 | Jan 25, 2024 | Feb 08, 2024 | Mar 11, 2024 | $0.0400 | 0.527% |
| 3 | Oct 25, 2023 | Nov 09, 2023 | Dec 11, 2023 | $0.0400 | 0.576% |
| 4 | Jul 26, 2023 | Aug 09, 2023 | Sep 11, 2023 | $0.0400 | 0.478% |
| 5 | Apr 26, 2023 | May 09, 2023 | Jun 09, 2023 | $0.0400 | 0.525% |
FAQ
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