Ralph Lauren Corporation Stock Forecast

Ralph Lauren Corporation stock upgraded to Sell Candidate.
(Updated on Jul 02, 2024)

RL Signals & Forecast

There are few to no technical positive signals at the moment. The Ralph Lauren Corporation 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 $176.83 and $177.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -10.40%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Ralph Lauren Corporation stock

Ralph Lauren Corporation finds support from accumulated volume at $168.08 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 $3.98 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.

Ralph Lauren Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RL) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Ralph Lauren Corporation to open at $170.00, and during the day (based on 14 day Average True Range), to move between $164.30 and $173.18, which gives a possible trading interval of +/-$4.44 (+/-2.63%) up or down from last closing price. If Ralph Lauren Corporation takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $168.08 (0.39%) than the resistance at $169.57 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ralph Lauren Corporation stock A Buy?

The Ralph Lauren Corporation stock holds several negative signals and despite the positive trend, we believe Ralph Lauren Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.507 Sell Candidate Upgraded

Predicted Opening Price for Ralph Lauren Corporation of Wednesday, July 3, 2024

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