Randolph Bancorp Inc Stock Analysis
Technical stock analysis for 23 January 2019
Randolph Bancorp Inc gained 2.00% in the last trading day, rising from $13.50 to $13.77 , and has now gained 3 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 fallen in 4 of the last 10 days and is down by -1.43% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3 575 more shares were traded than the day before. In total, 8 446 shares bought and sold for approximately $116 301.00.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the RNDB stock was $13.77. This is 2% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 4.37% from a day low at $13.50 to a day high of $14.09.
30 day high of the RNDB stock price was $14.44 and low was $13.22.
90 day high was $15.86 and low was $13.16.
52 week high for the Randolph Bancorp Inc - $17.45 and low - $13.16.
Randolph Bancorp Inc 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 -12.21% during the next 3 months and, with 90% probability hold a price between $10.97 and $12.60 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Randolph Bancorp Inc has rising 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Randolph Bancorp Inc 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 $13.78 and $14.18. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Randolph Bancorp Inc finds support from accumulated volume at $13.50.
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 $0.59 (4.37%) between high and low. For the last week, the stock has had a daily average volatility of 2.11%.
Our recommended stoploss: $13.01 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Randolph Bancorp Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.