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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Rowan Companies plc stock price down 0% on Friday
(Updated on May 24, 2019)

Sell candidate since Apr 10, 2019 PDF

No changes to the price of Rowan Companies plc stock on the last trading day (Friday, 24th May 2019). During the last trading day the stock fluctuated 0% from a day low at $10.93 to a day high of $10.93. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.00% during the next 3 months and, with a 90% probability hold a price between $9.36 and $10.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RDC Signals & Forecast

There are mixed signals in the stock today. The Rowan Companies plc 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 $10.93 and $11.00. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, April 08, 2019, and so far it has risen 0.275%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Rowan Companies plc stock

Rowan Companies plc finds support from accumulated volume at $10.91 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%

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

Trading Expectations (RDC) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Rowan Companies plc to open at $10.93, and during the day (based on 14 day Average True Range), to move between $10.82 and $11.04, which gives a possible trading interval of +/-$0.110 (+/-1.00%) up or down from last closing price. If Rowan Companies plc takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.91 (0.18%) than the resistance at $11.01 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rowan Companies plc stock A Buy?

Rowan Companies plc 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.

Current score: -2.299 Sell Candidate Unchanged

Predicted Opening Price for Rowan Companies plc of Tuesday, May 28, 2019

Fair opening price May 28, 2019 Current price
$10.93 ( 0%) $10.93

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

Trading levels for RDC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.93 .
R2 10.93 .
R1 10.93 .
Current price: 10.93
Support S1 10.93 .
S2 10.93 .
S3 10.93 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.31 3.48 %
R2 11.27 3.11 %
R1 11.01 0.732 %
Current price 10.93
Support S1 10.91 -0.183%
S2 10.90 -0.274%
S3 10.79 -1.28%

FAQ

What is the symbol for Rowan Companies plc Stock and on which exchange is it traded?
The symbol for Rowan Companies plc is RDC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Rowan Companies plc Stock?
Rowan Companies plc 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.

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

What's the current price of Rowan Companies plc Stock?
As of the end of day on the 2019-05-24, the price of an Rowan Companies plc (RDC) share was $10.93.

What is the 52-week high and low for Rowan Companies plc Stock?
The 52-week high for Rowan Companies plc Stock is $20.87 and the 52-week low is $7.77.
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About Rowan Companies plc

Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 31 mobile offshore drilling units, including 27 self-elevating jack-up rigs and 4 ultra-deepwater drillships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.... RDC Profile

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