Railamerica Forecast and Stock Analysis
Technical RA stock analysis for February 15, 2019.
Railamerica gained 0.19% in the last trading day, rising from $21.16 to $21.20 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 0.33% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 25 513 more shares were traded than the day before. In total, 105 005 shares bought and sold for approximately $2.23 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the RA stock was $21.20. This is 0.19% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.57% from a day low at $21.16 to a day high of $21.28.
30 day high of the RA stock price was $21.33 and low was $20.17.
90 day high was $21.33 and low was $17.95.
52 week high for the Railamerica - $23.55 and low - $17.95.
Railamerica lies in the upper part of a wide and weak rising trend in the short term, and this will 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 $21.61 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.63% during the next 3 months and, with 90% probability hold a price between $20.61 and $23.26 at the end of this period.
Railamerica holds buy signals from both short- and long-term moving averages. In addition, 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 $21.17 and $20.44. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday February 11, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Railamerica finds support from accumulated volume at $20.14.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (0.57%) between high and low. For the last week, the stock has had a daily average volatility of 0.58%.
Our recommended stoploss: $20.37 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.