RTEC Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
Rudolph Technologies Inc gained 2.62% in the last trading day ( Friday, 16th Aug 2019 ), rising from $22.55 to $23.14 During the day the stock fluctuated 2.29% from a day low at $22.67 to a day high of $23.19. The price has fallen in 8 of the last 10 days and is down by -12.32% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 71 075 more shares were traded than the day before. In total, 228 704 shares bought and sold for approximately $5.29 million.
- 30 day high of the RTEC stock price was $29.57 and low was $22.12.
- 90 day high was $29.57 and low was $22.12.
- 52 week high for Rudolph Technologies Inc - $29.57 and low - $18.13.
Rudolph Technologies Inc lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $22.59 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 8.77% during the next 3 months and, with 90% probability hold a price between $24.57 and $32.36 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Rudolph Technologies 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 $23.18 and $26.37. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 16 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.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Rudolph Technologies Inc finds support from accumulated volume at $23.11.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.52 between high and low, or 2.29%. For the last week, the stock has had a daily average volatility of 2.95%.
Rudolph Technologies Inc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $21.59 (-6.71%) (This stock has high daily movements and this gives high risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
2.95 %Average volatility
Very Low Low Medium High Very High
Rudolph Technologies 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.
|RTEC $23.14 ($0.59 2.62%)|
RTEC is up $0.59 today, but where's it headed in 2019?
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