Ras Al Khaimah Ceramics PSC Stock Forecast

Ras Al Khaimah Ceramics PSC stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Dec 05, 2019)

RAKCEC.UH Signals & Forecast

The Ras Al Khaimah Ceramics PSC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.57 and $1.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, December 04, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, October 22, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 22, 2019.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Ras Al Khaimah Ceramics PSC stock

Ras Al Khaimah Ceramics PSC finds support from accumulated volume at $1.58 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.516%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RAKCEC.UH) For The Upcoming Trading Day Of Sunday 8th

For the upcoming trading day on Sunday, 8th we expect Ras Al Khaimah Ceramics PSC to open at $1.59, and during the day (based on 14 day Average True Range), to move between $1.57 and $1.61, which gives a possible trading interval of +/-$0.0167 (+/-1.05%) up or down from last closing price. If Ras Al Khaimah Ceramics PSC takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.58 (0.63%) than the resistance at $1.60 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ras Al Khaimah Ceramics PSC stock A Buy?

Ras Al Khaimah Ceramics PSC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.338 Sell Candidate Downgraded

Predicted Opening Price for Ras Al Khaimah Ceramics PSC of Sunday, December 8, 2019

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