Trading Signals: RNG Stock Price Prediction and Forecast

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Fri. Jul. 23, 2021

Trading Signals: RNG Stock Price Prediction and Forecast (Mon. Oct. 26, 2015 - Fri. Oct. 27, 2023)

(RingCentral, Inc.)
RNG latest price $276.5500 (1.53%) ($270.0000 - $276.9500) on Fri. Jul. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.93% (three month average)
RSI   44
Latest Price   $276.5500(1.53%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   RNG advances 0.2% a day on average for past five trading days.
Weekly Trend   RNG declines -4.8% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support RNG advance at 0% a week (0% probability)
IBUY(70%)    ONLN(68%)    IPO(67%)    IWO(64%)    SKYY(64%)
Factors Impacting RNG price   RNG will decline at least -1.465% in a week (0% probabilities).
VIXM(-27%)    UUP(-16%)    VXX(-8%)    TBT(-7%)    UNG(-0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.465% (StdDev 2.93%)
Hourly BBV 1.3 ()
Intraday Trend 0.7%

1 - 5 Day Possible Target   $262.51(-5.08%)
Resistance Level   $284.24
5 Day Moving Average   $268.11(3.15%)
10 Day Moving Average   $272.6(1.45%)
20 Day Moving Average   $284.24(-2.71%)
To recent high   -16.3%
To recent low   17.4%
Market Cap   $24.601b

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firms solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

$. RNG price fluctuates within 4.97% (three month std-dev: 2.93%) daily (68% of days).

Sample size 36 Average positive next day return: 1.54%(47%) Average negative next day return: -2%(53%) Sample size 36 Average positive next three day return: 2.7%(50%) Average negative next three day return: -2.81%(50%) Sample size 36 Average positive next weekly return: 4.45%(42%) Average negative next weekly return: -3.24%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210823

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_23_2021	291.06	284.24	272.6	268.11	268.91	272.46	276.55(1.53%)	RB	SmallLong	20	0.6	82	100	125	-48	0.76	42%	-0.19	-48.9	2.93%	1.3	-0.5	44	-0.2
2	Jul_22_2021	291.6	285.51	274.16	267.56	263.89	268.26	272.37(1.73%)	N/A	N/A	0	0.3	12	70	43	-81	0.65	42%	-0.23	-43.9	2.93%	1.8	-0.9	42	-0
3	Jul_21_2021	292.26	286.78	276.02	266.93	264.7	265.36	267.75(0.32%)	RB	SmallLong	20	0.1	42	-10	79	-69	0.98	42%	-0.36	-37.9	2.92%	0.9	-1.3	38	0.7
4	Jul_20_2021	293.32	288.37	279.1	268.44	266.36	259.52	266.89(3.85%)	DP	OpenShort	-75	-0.1	-132	-200	-126	-148	1.98	42%	-0.41	-26.9	2.92%	0.6	-1.6	33	-0.5
5	Jul_19_2021	294.53	289.53	282.72	271.61	270.25	264.05	257(-6.13%)	DT	HoldShort	-65	-1.1	-240	-180	-256	-192	3.1	39%	-0.42	-18.1	2.89%	-0.9	-2.5	24	-2.8

6	Jul_16_2021	295.77	291.33	286.24	277.58	278.2	273.2	273.79(1.69%)	DP	OpenShort	-75	-0.4	-118	-120	-116	-124	0.55	43%	-0.34	-0.3	2.8%	-0.6	-1.7	34	0.3
7	Jul_15_2021	296.77	292.03	287.92	281.78	282.63	276.45	269.23(-2.2%)	DT	OpenShort	-75	-1.3	-175	-140	-185	-145	1.03	46%	-0.41	20.1	2.79%	-1.4	-2.4	30	1
8	Jul_14_2021	297.98	292.3	290.27	286.42	287.46	283.2	275.29(-2.64%)	DT	OpenShort	-75	-1.2	-138	-90	-145	-116	1.04	46%	-0.39	38.2	2.81%	-1.9	-1.8	38	1.6
9	Jul_13_2021	299.16	292.12	293.06	291.32	290.55	288.81	282.75(-1.42%)	DT	OpenShort	-75	-0.8	-102	-50	-109	-81	0.77	46%	-0.39	55.1	2.8%	-1.6	-0.9	41	1.2
10	Jul_12_2021	300.34	291.87	295.47	295.56	294.87	291.73	286.82(-2.71%)	DT	OpenShort	-75	-0.8	-28	-80	-30	-20	0.94	46%	-0.48	74	2.82%	-1.4	-0.5	53	1.2

11	Jul_9_2021	301.78	291.37	297.04	296.11	296.63	292.3	294.81(0.82%)	DP	OpenShort	-75	-0.1	-79	-100	-93	-35	0.53	46%	-0.43	84.2	2.8%	-0.4	0.3	56	1.1
12	Jul_8_2021	303.09	290.13	297.81	294.99	296.07	298.02	292.41(-2.47%)	DT	OpenShort	-75	-0.2	-38	60	-47	-9	0.64	46%	-0.43	83.2	2.8%	-1.3	0.2	58	-0.1
13	Jul_7_2021	304.4	288.7	298.37	294.63	295.65	300.95	299.82(-1.35%)	UD	OpenLong	75	0.4	127	140	141	83	0.55	46%	-0.46	76.7	2.8%	0.5	0.8	72	1
14	Jul_6_2021	305.8	286.5	298.21	295.18	293.73	294.12	303.93(4.96%)	UT	HoldLong	65	0.6	52	-10	46	69	0.88	46%	-0.46	70.7	2.8%	1.7	1.1	76	0.9
15	Jul_2_2021	307.22	284.02	296.59	295.78	295.57	290.34	289.56(0.11%)	N/A	N/A	0	-0.3	-73	-130	-105	23	0.54	41%	-0.47	60.9	2.74%	-1	0.3	63	1.5

16	Jul_1_2021	308.67	282.04	296.7	298.27	299.63	293.35	289.25(-0.46%)	CR	SmallShort	-20	-0.5	-127	-130	-175	17	0.72	41%	-0.46	58.5	2.76%	-1.1	0.4	63	1.7
17	Jun_30_2021	310.11	280.12	296.49	300.98	302.7	300.8	290.58(-3.97%)	CR	SmallShort	-20	-0.5	-66	-30	-110	68	0.96	45%	-0.45	59	2.8%	-1.9	0.5	68	1.5
18	Jun_29_2021	311.5	278.46	294.71	302.33	304.19	305.9	302.59(-1.41%)	UD	OpenLong	75	0	74	60	49	149	0.65	47%	-0.35	60.8	2.76%	-0.8	1.2	80	1.4
19	Jun_28_2021	312.59	275.96	291.32	301.48	302	304.61	306.93(1.63%)	UT	HoldLong	65	0.3	104	70	81	172	0.6	47%	-0.33	62.9	2.77%	1.5	1.6	86	1.7
20	Jun_25_2021	313.61	273.61	288.07	297.57	298.9	302.48	302.01(-0.26%)	UD	OpenLong	75	0.2	125	100	105	184	1.08	45%	-0.31	65	2.79%	0.4	1.6	85	2

21	Jun_24_2021	314.58	271.33	285.27	294.96	294.87	299.39	302.8(1.85%)	UT	HoldLong	65	0.5	141	110	120	203	0.88	42%	-0.3	65.5	2.81%	1.5	1.8	87	1.7
22	Jun_23_2021	315.52	269.09	281.74	291.43	291.18	295.32	297.31(-0.35%)	UD	OpenLong	75	0.4	168	100	152	216	0.91	42%	-0.34	70.2	2.87%	0.7	1.8	84	1.7
23	Jun_22_2021	316.59	266.86	278.13	285.85	286.2	290.36	298.34(3.81%)	UT	OpenLong	75	0.9	154	110	140	194	0.89	42%	-0.29	70.8	2.87%	1.7	2.2	75	1.4
24	Jun_21_2021	317.5	264.19	273.63	279.61	279.86	287.03	287.38(-0.55%)	UD	OpenLong	75	0.6	146	180	138	170	0.73	39%	-0.28	69.5	2.84%	0.1	1.8	73	0.6
25	Jun_18_2021	318.38	262.25	270.23	277.09	275.7	282.04	288.96(1.34%)	UT	OpenLong	75	1	198	150	203	181	1.16	37%		73.5	2.84%	0.9	2.2	64	-0.2
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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