\nRCM\nStock Forecast
\n\n\nRCM stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Feb 27, 2024)\n
\nThe stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.50% during the next 3 months and, with a 90% probability hold a price between $28.20 and $33.66 at the end of this 3-month period.
\n\nReady to grow your portfolio?\n\nHere's your beginner's guide to opening a free brokerage account.\n\n
\nRCMT Signals & Forecast
\nA buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 5.64%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The RCM stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $28.83. On a fall, the stock will find some support from the short-term average at $28.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not.
\nSupport, Risk & Stop-loss for RCM stock
\n\nRCM finds support from accumulated volume at $28.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.\n
\n\nIn general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.530 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 3.26%.\n
\n\n
\nOur recommended stop-loss:\n\n$27.13\n(-4.76%)\n (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)\n
\n\nTrading Expectations (RCMT) For The Upcoming Trading Day Of Wednesday 28th\n
\n\nFor the upcoming trading day on Wednesday, 28th we expect RCM Technologies to open at $28.48, and during the day (based on 14 day Average True Range),\nto move between $27.46 and $29.52,\nwhich gives a possible trading interval of +/-$1.03 (+/-3.62%) up or down from last closing price.\nIf RCM Technologies takes out the full calculated possible swing range there will be an estimated 7.24% move between the lowest and the highest trading price during the day.\n
\n\nSince the stock is closer to the support from accumulated volume at $28.41 (0.28%)\nthan the resistance at $29.04 (1.93%),\nour systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..\n
\nIs RCM Technologies stock A Buy?
\n\nSeveral 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 RCM stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.\n
\n\n\nCurrent score:\n2.474\n\n\n\nBuy Candidate\n\n\nUpgraded\n\n\n
\nPredicted Opening Price for RCM Technologies of Wednesday, February 28, 2024
\nFair opening price February 28, 2024 | \nCurrent price | \n
---|---|
\n\n$28.48\n(\n0.0352%)\n\n | \n\n$28.49\n | \n
The predicted opening price is based on yesterday's movements between high, low, and closing price.
News Digest
\nTrading levels for RCMT
\nFibonacci Support & Resistance Levels
\n\n | \n | Level | \nPrice | \n\n |
---|---|---|---|---|
\n\n\n\n | \nResistance | \nR3 | \n29.01 | \n\n 1.82\n%\n | \n
R2 | \n28.81 | \n\n 1.11\n%\n | \n||
R1 | \n28.68 | \n\n 0.675\n%\n | \n||
Current price: | \n\n | \n | 28.49 | \n\n |
\n\n\n\n | \nSupport | \nS1 | \n28.28 | \n\n -0.746\n%\n | \n
S2 | \n28.15 | \n\n -1.18\n%\n | \n||
S3 | \n27.95 | \n\n -1.90\n%\n | \n
Accumulated Volume Support & Resistance Levels
\n\n | \n | Level | \nPrice | \n\n |
---|---|---|---|---|
\n\n\n\n | \nResistance | \nR3 | \n31.55 | \n\n 10.74\n%\n | \n
R2 | \n29.19 | \n\n 2.46\n%\n | \n||
R1 | \n29.04 | \n\n 1.93\n%\n | \n||
Current price | \n\n | \n | 28.49 | \n\n |
\n\n\n\n | \nSupport | \nS1 | \n28.41 | \n\n -0.281%\n | \n
S2 | \n27.87 | \n\n -2.18%\n | \n||
S3 | \n27.54 | \n\n -3.33%\n | \n
FAQ
\n\n
\n
Click here for our free guide on how to buy RCM Stock.\n
\n
\n
\n
\n
\n
About RCM Technologies
\n\n\n\n\nRCM Technologies, Inc. provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software ... RCMT Profile\n
Golden Star
\n\nTicker\n | \n\nDate\n | \n\nChange\n | \n\nPrice\n | \n
---|---|---|---|
\n\nMTCH \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.25%\n\n | \n\n\n$36.86\n\n | \n
\n\nORI \n\n | \n\n\nFeb 23\n\n | \n\n\n\n0.87%\n\n | \n\n\n$28.74\n\n | \n
\n\nLNC \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.28%\n\n | \n\n\n$27.34\n\n | \n
\n\nVWOB \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.514%\n\n | \n\n\n$62.29\n\n | \n
\n\nFALN \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.0378%\n\n | \n\n\n$26.48\n\n | \n
\n\nPHM \n\n | \n\n\nFeb 21\n\n | \n\n\n\n3.13%\n\n | \n\n\n$103.62\n\n | \n
\n\nAEL \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.163%\n\n | \n\n\n$55.24\n\n | \n
\n\nTMUS \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.59%\n\n | \n\n\n$162.05\n\n | \n
\n\nCHE \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.80%\n\n | \n\n\n$586.04\n\n | \n
\n\nMTD \n\n | \n\n\nFeb 16\n\n | \n\n\n\n2.17%\n\n | \n\n\n$1,187.44\n\n | \n
Top Fintech Company
\n featured in The Global Fintech Index 2020 as the top Fintech company of the country.
\n\n\n\n