Fri 21'st Apr 2017
Ralph Lauren Corporation Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Sell candidate since 2017-04-21
Ralph Lauren Corporation lies in the middle of a weak 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 -5.1% during the next 3 months and, with 90% probability hold a price between USD 68.73 and USD 77.70 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 13, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ralph Lauren Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 USD 79.64 and USD 80.06. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Ralph Lauren Corporation finds support from accumulated volume at USD 76.61, USD 76.53, and USD 76.17. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 80.71, USD 79.61 and USD 79.79.
The stock is about to test the resistance from accumulated volume at USD 80.71 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 USD 1.38 (1.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.81%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Ralph Lauren Corporation holds several negative signals and is within a weak falling trend, so we believe 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.