Randolph Bancorp Inc Stock Analysis
Technical stock analysis for 18 January 2019
Randolph Bancorp Inc fell by -3.30% in the last day from $13.92 to $13.46 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -3.58% for this period. Volume has increased in the last day by 20 167 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 23 070 shares bought and sold for approximately $310 522.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the RNDB stock was $13.46. This is 3.3% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 4.28% from a day low at $13.32 to a day high of $13.89.
30 day high of the RNDB stock price was $14.77 and low was $13.16.
90 day high was $16.24 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 -13.04% during the next 3 months and, with 90% probability hold a price between $10.89 and $12.47 at the end of this period.
There are few to none technical positive signals at the moment. 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 $13.86 and $14.26. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 31, 2018, which indicates further falls until a new bottom pivot has been found. Randolph Bancorp Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Randolph Bancorp Inc finds support from accumulated volume at $13.16.
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 $0.57 (4.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.
Randolph Bancorp Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Randolph Bancorp Inc holds several negative signals and is within a wide and 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 Sell Candidate to a Strong Sell Candidate.