RSI low/high Values: [ 20 - 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 RRTS
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Stronger technical forecast for Roadrunner Transportation Systems Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

No changes to the price of Roadrunner Transportation Systems Inc stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $1.35 to a day high of $1.35. The price has risen in 4 of the last 10 days but is still down by -5.59% for this period.

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 -15.08% during the next 3 months and, with a 90% probability hold a price between $1.01 and $1.25 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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RRTS Signals & Forecast

There are mixed signals in the stock today. The Roadrunner Transportation Systems 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 $1.36 and $1.38. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has fallen 0%. 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Roadrunner Transportation Systems Inc stock

Roadrunner Transportation Systems Inc finds support from accumulated volume at $1.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.41%

Our recommended stop-loss: $1.27 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Roadrunner Transportation Systems Inc to open at $1.35, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.41, which gives a possible trading interval of +/-$0.0597 (+/-4.42%) up or down from last closing price. If Roadrunner Transportation Systems Inc takes out the full calculated possible swing range there will be an estimated 8.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.33 (1.48%) than the resistance at $1.50 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Roadrunner Transportation Systems Inc stock A Buy?

Roadrunner Transportation Systems Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Roadrunner Transportation Systems Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.35 ( 0.00000000%) $1.35

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

Trading levels for RRTS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.35 0.00000000 %
R2 1.35 0.00000000 %
R1 1.35 0.00000000 %
Current price: 1.35
Support S1 1.35 0.00000000 %
S2 1.35 0.00000000 %
S3 1.35 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.54 14.07 %
R2 1.53 13.33 %
R1 1.50 11.11 %
Current price 1.35
Support S1 1.33 -1.48%
S2 1.31 -2.96%
S3 1.26 -6.67%

FAQ

What is the symbol for Roadrunner Transportation Systems Inc Stock and on which exchange is it traded?
The symbol for Roadrunner Transportation Systems Inc is RRTS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Roadrunner Transportation Systems Inc Stock?
Roadrunner Transportation Systems Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Roadrunner Transportation Systems Inc Stock?
Roadrunner Transportation Systems 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 Roadrunner Transportation Systems Inc Stock.

What's the current price of Roadrunner Transportation Systems Inc Stock?
As of the end of day on the 2024-03-28, the price of an Roadrunner Transportation Systems Inc (RRTS) share was $1.35.

What is the 52-week high and low for Roadrunner Transportation Systems Inc Stock?
The 52-week high for Roadrunner Transportation Systems Inc Stock is $2.70 and the 52-week low is $1.20.

What is the market capitalization of Roadrunner Transportation Systems Inc Stock?
As of the 2024-03-28, the market capitalization of Roadrunner Transportation Systems Inc is 51.694M.
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About Roadrunner Transportation Systems Inc

Roadrunner Transportation Systems Roadrunner Transportation Systems, Inc. provides asset-right transportation and asset-light logistics services. It operates through four segments: Ascent Transportation Management (Ascent TM), Ascent On-Demand (Ascent OD), Less-than-Truckload (LTL), and Truckload (TL). The company offers domestic freight management solutions, including asset-backed truckload brokerage, specialized/heavy haul, LTL shipment execution, LTL carrier rate negotiations,... RRTS Profile

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