Randolph Bancorp Inc Forecast and Stock Analysis
Technical RNDB stock analysis for March 26, 2019.
Randolph Bancorp Inc gained 1.80% in the last trading day, rising from $15.02 to $15.29 The price has risen in 5 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell in the last day by -3 754 shares, and in total, 1 207 shares bought and sold for approximately $18 455.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Tuesday, 26th Mar 2019) of the RNDB stock was $15.29. This is 1.8% more than the trading day before Monday, 25th Mar 2019.
During day the stock fluctuated 1.45% from a day low at $15.07 to a day high of $15.29.
30 day high of the RNDB stock price was $17.05 and low was $14.90.
90 day high was $17.05 and low was $13.32.
52 week high for the Randolph Bancorp Inc - $17.45 and low - $13.16.
Randolph Bancorp Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $14.97 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.18% during the next 3 months and, with 90% probability hold a price between $16.94 and $19.56 at the end of this period.
Randolph Bancorp Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $15.50. On a fall, the stock will find some support from the long-term average at approximately $15.17. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday March 25, 2019, 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Randolph Bancorp Inc finds support from accumulated volume at $15.25.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $14.50 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.