Rubis Stock Forecast
Rubis stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 24, 2024)
The Rubis stock price gained 0.622% on the last trading day (Friday, 24th May 2024), rising from 32.18€ to 32.38€. During the last trading day the stock fluctuated 1.25% from a day low at 31.98€ to a day high of 32.38€. The price has risen in 5 of the last 10 days and is up by 2.34% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 184 thousand shares were bought and sold for approximately 5.97€ million. 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 in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 32.22€ 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 27.37% during the next 3 months and, with a 90% probability hold a price between 41.04€ and 49.83€ at the end of this 3-month period.
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RUI.PA Signals & Forecast
There are mixed signals in the stock today. The Rubis stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 32.58€. On a fall, the stock will find some support from the short-term average at 32.26€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -5.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Rubis stock
Rubis finds support from accumulated volume at 32.18€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.400€ between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RUI.PA) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Rubis to open at 32.25€, and during the day (based on 14 day Average True Range), to move between 31.85€ and 32.91€, which gives a possible trading interval of +/-0.528€ (+/-1.63%) up or down from last closing price. If Rubis takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 32.18€ (0.62%) than the resistance at 32.74€ (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rubis stock A Buy?
Rubis holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -3.011 Sell Candidate Upgraded
Predicted Opening Price for Rubis of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 32.25€ ( 0.412%) | 32.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RUI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.65 | 0.82 % | |
| R2 | 32.49 | 0.352 % | ||
| R1 | 32.40 | 0.0601 % | ||
| Current price: | 32.38 | |||
| Support | S1 | 32.09 | -0.88 % | |
| S2 | 32.00 | -1.18 % | ||
| S3 | 31.85 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.04 | 2.04 % | |
| R2 | 32.80 | 1.30 % | ||
| R1 | 32.74 | 1.11 % | ||
| Current price | 32.38 | |||
| Support | S1 | 32.18 | -0.618% | |
| S2 | 31.60 | -2.41% | ||
| S3 | 27.00 | -16.62% |
RUI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 18, 2024 | 1.98€ | 6.14% |
| 2 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | 1.92€ | 7.69% |
| 3 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | 1.86€ | 7.67% |
| 4 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | 1.80€ | 4.56% |
| 5 | Apr 22, 2020 | Jun 17, 2020 | Jul 17, 2020 | 1.75€ | 4.38% |
FAQ
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