Rubis Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Rubis stock price fell more than -9.71% Friday closing at 27.16€
(Updated on Jun 14, 2024)
The Rubis stock price fell by -9.71% on the last day (Friday, 14th Jun 2024) from 30.08€ to 27.16€. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.23% from a day low at 26.76€ to a day high of 28.16€. The price has fallen in 7 of the last 10 days and is down by -16.94% for this period. Volume has increased on the last day by 227 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 596 thousand shares were bought and sold for approximately 16.20€ million.
Given the current short-term trend, the stock is expected to rise 4.58% during the next 3 months and, with a 90% probability hold a price between 28.40€ and 37.06€ at the end of this 3-month period.
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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
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 27.36€ ( 0.736%) | 27.16€ |
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 | |
|---|---|---|
| R3 | 28.76 | 5.89% |
| R2 | 28.23 | 3.92% |
| R1 | 27.89 | 2.71% |
| Price | 27.16 | |
| S1 | 26.83 | -1.23% |
| S2 | 26.49 | -2.45% |
| S3 | 25.96 | -4.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.70 | 20.40% |
| R2 | 32.18 | 18.48% |
| R1 | 31.60 | 16.35% |
| Price | 27.16 | |
| S1 | 27.00 | -0.589% |
| S2 | 0 | - |
| S3 | 0 | - |
RUI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 18, 2024 | 1.98€ | 7.34% |
| 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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