RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RBBN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for Ribbon Communications Inc.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 4.58% PDF

The Ribbon Communications Inc. stock price fell by -2.14% on the last day (Thursday, 28th Mar 2024) from $3.27 to $3.20. During the last trading day the stock fluctuated 4.08% from a day low at $3.19 to a day high of $3.32. The price has risen in 6 of the last 10 days and is up by 13.07% over the past 2 weeks. Volume has increased on the last day by 90 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, 437 thousand shares were bought and sold for approximately $1.40 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ribbon Communications Inc. stock with a 90% probability to be traded between $2.86 and $3.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

RBBN Signals & Forecast

The Ribbon Communications 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 $3.11 and $3.06. 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, March 27, 2024, and so far it has fallen -2.14%. Further fall is indicated until a new bottom pivot has been found. Ribbon Communications Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Ribbon Communications Inc. stock

Ribbon Communications Inc. finds support from accumulated volume at $3.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.56%.

Our recommended stop-loss: $3.09 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (RBBN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ribbon Communications Inc. to open at $3.24, and during the day (based on 14 day Average True Range), to move between $3.06 and $3.34, which gives a possible trading interval of +/-$0.137 (+/-4.30%) up or down from last closing price. If Ribbon Communications Inc. takes out the full calculated possible swing range there will be an estimated 8.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.14 (1.88%) than the resistance at $3.35 (4.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ribbon Communications Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ribbon Communications Inc. stock to perform well in the short-term period.

Current score: 1.582 Buy Candidate Unchanged

Predicted Opening Price for Ribbon Communications Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.24 ( 1.15%) $3.20

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

Trading levels for RBBN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.37 5.21 %
R2 3.32 3.66 %
R1 3.29 2.70 %
Current price: 3.20
Support S1 3.19 -0.406 %
S2 3.16 -1.36 %
S3 3.11 -2.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.51 9.69 %
R2 3.43 7.19 %
R1 3.35 4.69 %
Current price 3.20
Support S1 3.14 -1.88%
S2 2.92 -8.75%
S3 2.90 -9.38%

FAQ

What is the symbol for Ribbon Communications Inc. Stock and on which exchange is it traded?
The symbol for Ribbon Communications Inc. is RBBN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ribbon Communications Inc. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ribbon Communications Inc. stock to perform well in the short-term period.

How to buy Ribbon Communications Inc. Stock?
Ribbon Communications Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ribbon Communications Inc. Stock.

What's the current price of Ribbon Communications Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Ribbon Communications Inc. (RBBN) share was $3.20.

What is the 52-week high and low for Ribbon Communications Inc. Stock?
The 52-week high for Ribbon Communications Inc. Stock is $3.64 and the 52-week low is $1.78.

What is the market capitalization of Ribbon Communications Inc. Stock?
As of the 2024-03-28, the market capitalization of Ribbon Communications Inc. is 563.951M.

When is the next earnings date for Ribbon Communications Inc.?
The upcoming earnings date for Ribbon Communications Inc. is Apr 24, 2024.
Click to get the best stock tips daily for free!

About Ribbon Communications Inc.

Ribbon Communications. Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products; and solutions and services for enabling voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications a... RBBN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT