Trading Signals: RNG Stock Price Prediction and Forecast

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Mon. Jul. 10, 2023

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

(RingCentral, Inc.)
RNG latest price $34.0900 (3.15%) ($32.6600 - $34.1700) on Mon. Jul. 10, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.03% (three month average)
RSI   43
Latest Price   $34.0900(3.15%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   RNG advances 0.8% a day on average for past five trading days.
Weekly Trend   RNG declines -0.1% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support RNG advance at 0% a week (0% probability)
ONLN(64%)    IBUY(63%)    FIVG(59%)    SKYY(59%)    IVE(58%)
Factors Impacting RNG price   RNG will decline at least -2.015% in a week (0% probabilities).
VIXM(-40%)    VXX(-38%)    UUP(-23%)    UNG(-15%)    TBT(-13%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.015% (StdDev 4.03%)
Hourly BBV 1.7 ()
Intraday Trend 4.3%

5 Day Moving Average   $33.2(2.68%)
10 Day Moving Average   $33.06(3.12%)
20 Day Moving Average   $33.42(2%)
To recent high   -5.1%
To recent low   34.5%
Market Cap   $3.033b

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 3.11% (three month std-dev: 4.03%) daily (68% of days).

Sample size 14 Average positive next day return: 1.42%(43%) Average negative next day return: -2.28%(57%) Sample size 14 Average positive next three day return: 2.67%(36%) Average negative next three day return: -5.33%(64%) Sample size 14 Average positive next weekly return: 3.1%(29%) Average negative next weekly return: -6.28%(71%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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_10_2023	31.2	33.42	33.06	33.2	32.82	33.08	34.09(3.15%)	UT	OpenLong	75	0.9	11	20	13	4	0.89	68%	-0.1	-34.7	4.03%	1.7	0.6	43	-0.5
2	Jul_7_2023	31.23	33.41	32.85	32.93	32.77	32.41	33.05(2.23%)	DP	OpenShort	-75	0.1	-7	-90	-1	-24	1.16	68%	-0.13	-45	4.02%	1	-0.3	33	-0.3
3	Jul_6_2023	31.27	33.49	32.82	32.87	32.82	32.55	32.33(-1.64%)	DT	OpenShort	-75	-0.5	-19	-60	-12	-38	0.82	68%	-0.54	-47.7	4.04%	-0.8	-1.1	37	-0.6
4	Jul_5_2023	31.44	33.59	32.88	33.1	33.08	33.13	32.87(-2.35%)	DT	OpenShort	-75	-0.2	-9	10	-0	-36	0.7	68%	-0.79	-44.5	4.04%	0.7	-0.7	40	0.9
5	Jul_3_2023	31.69	33.7	32.98	33.14	33.1	33.08	33.66(2.84%)	DP	OpenShort	-65	0.5	-4	-10	5	-30	0.57	68%	-0.25	-19.3	4.03%	0	-0	55	1.2

6	Jun_30_2023	31.77	33.79	33.08	32.89	33	33.03	32.73(-0.09%)	DT	HoldShort	-50	-0.2	-7	20	2	-32	0.54	68%	-0.35	-4.1	4.01%	-1.3	-1	48	1
7	Jun_29_2023	31.88	33.89	33.38	32.89	32.83	33.12	32.76(-2.15%)	DP	OpenShort	-65	0	-4	70	4	-28	0.6	68%	-0.38	6.2	4.01%	-1.1	-1	45	1
8	Jun_28_2023	32	33.98	33.58	32.76	32.51	32.97	33.48(1.21%)	N/A	N/A	0	0.7	-0	80	8	-25	0.69	68%	-0.37	17.3	4.01%	1.7	-0.5	45	1.2
9	Jun_27_2023	32.12	34.05	33.58	32.63	32.38	32.53	33.08(2.1%)	DP	OpenShort	-65	0.4	-6	10	2	-30	0.81	68%	-0.31	30	4.03%	1.7	-0.9	44	1.1
10	Jun_26_2023	32.22	33.9	33.7	32.81	32.48	32.06	32.4(1.03%)	DP	OpenShort	-75	-0.4	-20	-120	-13	-41	0.68	68%	-0.4	28.6	4.03%	0.6	-1.4	37	1

11	Jun_23_2023	32.35	33.83	33.83	33.32	32.97	32.23	32.07(-2.08%)	DT	OpenShort	-75	-1.2	-30	-190	-26	-42	1.38	68%	-0.46	51	4.04%	-0.9	-1.7	33	1.1
12	Jun_22_2023	32.5	33.82	34.04	34.09	33.9	32.91	32.75(-0.33%)	DT	OpenShort	-75	-1	-21	-220	-20	-24	0.72	63%	-0.31	68.3	4.03%	-0.8	-0.8	42	1.4
13	Jun_21_2023	32.6	33.8	34.23	34.51	34.45	33.72	32.86(-3.21%)	DT	OpenShort	-75	-1	-21	-150	-23	-16	1.03	63%	-0.18	79	4.12%	-1.1	-0.6	43	1.3
14	Jun_20_2023	32.66	33.73	34.4	34.89	34.9	34.89	33.95(-2.94%)	N/A	N/A	0	-0.6	-1	-0	-1	0	0.88	59%	-0.34	92.9	4.13%	-1.4	0.1	46	1.2
15	Jun_16_2023	32.77	33.59	34.52	34.69	34.85	35.19	34.98(-2.64%)	UD	OpenLong	75	0.2	14	80	11	22	1.29	55%	-0.12	90.6	4.23%	0.6	0.8	75	1.6

16	Jun_15_2023	32.81	33.32	34.56	34.39	34.31	34.92	35.93(3.13%)	UT	OpenLong	75	0.8	18	120	12	34	1.49	55%	-0.21	81	4.21%	0	1.4	72	1.2
17	Jun_13_2023	32.88	32.88	34.42	34	34.04	34.51	34.84(0.23%)	UT	OpenLong	75	0.4	19	100	12	39	0.75	55%	-0.09	61	4.18%	0.8	0.8	65	1.3
18	Jun_12_2023	32.91	32.57	34.42	33.95	33.9	33.7	34.76(5.49%)	UT	OpenLong	75	0.3	13	-50	2	45	1.27	55%	-0.06	61.2	4.21%	1.8	0.9	62	1.4
19	Jun_9_2023	32.93	32.22	34.39	33.88	34	33.56	32.95(-1.52%)	UD	OpenLong	65	-0.3	2	-80	-15	53	1.56	52%	-0.06	59.7	4.18%	-1.4	0.3	61	1.7
20	Jun_8_2023	32.95	32.02	34.11	34.33	34.25	34.11	33.46(-1.62%)	UD	OpenLong	65	-0.3	6	-40	-13	61	1.32	52%	-0.09	69.6	4.18%	-1.2	0.5	63	2

21	Jun_7_2023	32.98	31.86	33.86	34.74	34.75	34.45	34.01(-1.65%)	UD	OpenLong	65	-0.3	20	-60	-2	84	1.57	52%	-0.06	83.7	4.19%	-0.9	0.8	71	2.2
22	Jun_6_2023	33	31.5	33.61	34.87	34.91	34.4	34.58(0.58%)	UD	OpenLong	65	-0.1	21	-100	-8	107	1.63	52%	0.06	81	4.18%	0.2	1.1	78	2.4
23	Jun_5_2023	32.98	31.11	33.36	34.88	34.89	35.06	34.38(-2.33%)	UD	OpenLong	65	-0.2	27	30	-7	128	1.93	52%	-0.06	78	4.19%	-1.1	1.1	69	2.3
24	Jun_2_2023	33	30.7	33.03	34.96	35.04	35.43	35.2(-0.87%)	UD	OpenLong	75	0.1	62	80	29	162	1.33	57%	-0.06	75.4	4.32%	0.4	1.5	74	2.2
25	Jun_1_2023	33.02	30.21	32.6	33.82	34.31	34.71	35.51(2.33%)	UT	OpenLong	75	0.6	53	130	23	142	2.14	57%		60.6	4.33%	1.5	1.7	68	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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