Rubis Stock Forecast

Rubis stock price fell more than -9.71% Friday closing at 27.16€
(Updated on Jun 14, 2024)

RUI.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Rubis 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 31.21€ and 32.10€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -20.49%. 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.

Support, Risk & Stop-loss for Rubis stock

Rubis finds support from accumulated volume at 27.00€ 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 1.40€ (5.23%) between high and low. For the last week, the stock has had daily average volatility of 3.86%.

Rubis is oversold on RSI14 (16). 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 (RUI.PA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Rubis to open at 27.36€, and during the day (based on 14 day Average True Range), to move between 26.22€ and 28.10€, which gives a possible trading interval of +/-0.94€ (+/-3.45%) up or down from last closing price. If Rubis takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 27.00€ (0.59%) than the resistance at 31.60€ (16.35%), 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?

The Rubis stock holds several negative signals and despite the positive trend, we believe Rubis will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.085 Sell Candidate Unchanged

Predicted Opening Price for Rubis of Monday, June 17, 2024

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