A buy signal is generated. This indicator may be signaling that RNG's price has the momentum to move higher since its current price exceeds the price logged 14 days ago. I may consider buying the stock or exploring call options. I backtested 84 similar cases where RNG's Momentum Indicator exceeded 0, and 71 of them led to a successful outcome. Odds of Success: 85%.
DISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me. We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that...
RNG pulled back to the 50% fibonacci retracement level today and also tested a horizontal support @ 252. With a potential bullish divergence in the works, it is probably ripe to stake in for the next swing up. Long @ 255 with an initial stop @ 249.50 and an initial target of 292. Disclaimer: This is just my own analysis and opinion for discussion and is not a...
Long at BreakOut or support on moving average is EASY MONEY! again and again.
price breaking into the next fibonacci level price above an upward sloping 40EMA RSI in a bullish range
Potential Breakout over All-Time-High while volume is increasing Target: 300 Entry: 255 Stop: 245 What's your opinion on this setup?
May-07-20 03:31PM RingCentral Inc (RNG) Q1 2020 Earnings Call Transcript Motley Fool +5.98%
NYSE:RNG Hello everyone. Here is my first publish. My analysis points to RNG continuing to be driven up when the market re-opens on Monday. The MACD trend is bullish and the STOCH trend signals a position of strength. I expect this stock to drive up to 233+ over the next two weeks. Recent launch of new products, Zoom security issues, and an AT&T...
Zoom competitor Ring launched new products just as Zoom comes under scrutiny for privacy issues Up 60% from the march lows , the rally looks set to continue. Resistance | price Targets sit @ $249 & $285