Rand Worldwide, Inc. Stock Forecast
Stronger technical forecast for Rand Worldwide, Inc. stock price after Friday trading.
(Updated on May 31, 2024)
The Rand Worldwide, Inc. stock price gained 1.25% on the last trading day (Friday, 31st May 2024), rising from $19.25 to $19.49. During the last trading day the stock fluctuated 1.25% from a day low at $19.25 to a day high of $19.49. The price has risen in 4 of the last 10 days and is up by 1.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 101 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $40.95 thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $19.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.09% during the next 3 months and, with a 90% probability hold a price between $22.49 and $24.02 at the end of this 3-month period.
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RWWI Signals & Forecast
The Rand Worldwide, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.36 and $18.50. A breakdown below any of these levels will issue sell signals. Rand Worldwide, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -0.0513%. 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).
Support, Risk & Stop-loss for Rand Worldwide, Inc. stock
Rand Worldwide, Inc. finds support from accumulated volume at $19.25 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 $0.240 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 0.682%.
Our recommended stop-loss: $18.75 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (RWWI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Rand Worldwide, Inc. to open at $19.41, and during the day (based on 14 day Average True Range), to move between $19.29 and $19.69, which gives a possible trading interval of +/-$0.202 (+/-1.04%) up or down from last closing price. If Rand Worldwide, Inc. takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.50 (0.05%) than the support at $19.25 (1.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Rand Worldwide, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rand Worldwide, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.023 Buy Candidate Upgraded
Predicted Opening Price for Rand Worldwide, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $19.41 ( 0.410%) | $19.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWWI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.65 | 0.82 % | |
| R2 | 19.56 | 0.351 % | ||
| R1 | 19.50 | 0.0599 % | ||
| Current price: | 19.49 | |||
| Support | S1 | 19.32 | -0.88 % | |
| S2 | 19.26 | -1.17 % | ||
| S3 | 19.17 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 19.50 | 0.0513 % | ||
| Current price | 19.49 | |||
| Support | S1 | 19.25 | -1.23% | |
| S2 | 17.10 | -12.26% | ||
| S3 | 16.85 | -13.55% |
RWWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 09, 2024 | May 17, 2024 | $0.250 | 1.30% |
| 2 | Apr 05, 2024 | Apr 05, 2024 | Apr 15, 2024 | $0.250 | 1.47% |
| 3 | Dec 08, 2023 | Dec 08, 2023 | Dec 18, 2023 | $0.250 | 1.56% |
| 4 | May 26, 2023 | Jun 02, 2023 | Jun 12, 2023 | $0.250 | 1.14% |
| 5 | Mar 30, 2023 | Apr 06, 2023 | Jun 12, 2023 | $0.250 | 1.14% |
FAQ
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