RL - Ralph Lauren Corporation Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-20
Ralph Lauren Corporation Stock Analysis
Ralph Lauren Corporation gained 0.92% in the last trading day, rising from USD 89.29 to USD 90.11. , and has now gained 4 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 been going up and down for this period, and there has been a 3.28% gain for the last 2 weeks. Volume fell in the last day by -162 859 shares and ,in total, 637 600 shares bought and sold for approximately USD 57.45 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Ralph Lauren Corporation lies in the middle of a very wide and strong 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 -16.3% during the next 3 months and, with 90% probability hold a price between USD 65.50 and USD 84.14 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 19, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ralph Lauren Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 94.23. On a fall, the stock will find some support from the short-term average at USD 88.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Ralph Lauren Corporation finds support from accumulated volume at USD 89.58, USD 89.29, and USD 89.05. On the upside the stock meets some resistance from accumulated volume at USD 94.75, USD 96.93 and USD 106.26.
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 1.07 (1.20%) between high and low. For the last week, the stock has had a daily average volatility of 2.86%.
Our recommended stoploss: USD 89.37 (-0.82%) ( criteria: risk and position in trend)
Several short-term signals are positive and despite the stock being in a strong falling trend 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.