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 RLGT
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Stronger technical forecast for Radiant Logistics Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Radiant Logistics Inc stock price gained 2.07% on the last trading day (Thursday, 28th Mar 2024), rising from $5.31 to $5.42. During the last trading day the stock fluctuated 2.64% from a day low at $5.30 to a day high of $5.44. The price has fallen in 6 of the last 10 days but is still up by 1.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately $795.21 thousand.

The stock lies in the middle of a 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 -18.73% during the next 3 months and, with a 90% probability hold a price between $4.25 and $4.65 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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RLGT Signals & Forecast

There are mixed signals in the stock today. The Radiant Logistics Inc 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 $5.42 and $5.64. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.85%. 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). Radiant Logistics Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Radiant Logistics Inc stock

Radiant Logistics Inc finds support from accumulated volume at $5.35 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 $0.140 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.89%.

Our recommended stop-loss: $5.14 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Radiant Logistics Inc to open at $5.39, and during the day (based on 14 day Average True Range), to move between $5.26 and $5.58, which gives a possible trading interval of +/-$0.156 (+/-2.88%) up or down from last closing price. If Radiant Logistics Inc takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.35 (1.29%) than the resistance at $6.12 (12.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Radiant Logistics Inc stock A Buy?

Radiant Logistics Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.439 Hold/Accumulate Upgraded

Predicted Opening Price for Radiant Logistics Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.39 ( 0.615%) $5.42

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

Trading levels for RLGT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.53 1.97 %
R2 5.47 0.98 %
R1 5.44 0.372 %
Current price: 5.42
Support S1 5.33 -1.60 %
S2 5.30 -2.21 %
S3 5.25 -3.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.64 22.51 %
R2 6.43 18.63 %
R1 6.12 12.92 %
Current price 5.42
Support S1 5.35 -1.29%
S2 5.32 -1.85%
S3 5.31 -2.03%

FAQ

What is the symbol for Radiant Logistics Inc Stock and on which exchange is it traded?
The symbol for Radiant Logistics Inc is RLGT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Radiant Logistics Inc Stock?
Radiant Logistics Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Radiant Logistics Inc Stock?
Radiant Logistics 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 Radiant Logistics Inc Stock.

What's the current price of Radiant Logistics Inc Stock?
As of the end of day on the 2024-03-28, the price of an Radiant Logistics Inc (RLGT) share was $5.42.

What is the 52-week high and low for Radiant Logistics Inc Stock?
The 52-week high for Radiant Logistics Inc Stock is $7.76 and the 52-week low is $5.25.

What is the market capitalization of Radiant Logistics Inc Stock?
As of the 2024-03-28, the market capitalization of Radiant Logistics Inc is 254.323M.

When is the next earnings date for Radiant Logistics Inc?
The upcoming earnings date for Radiant Logistics Inc is May 08, 2024.
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About Radiant Logistics Inc

Radiant Logistics Radiant Logistics, Inc., a third-party logistics company, provides multi-modal transportation and logistics services primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services. It also provides other value-added supply chain services, including materials management and distribut... RLGT Profile

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