Finance

There Are Mixed Technical Signals in Rand Logistics, (NASDAQ:RLOG)

Rand Logistics, Inc. (NASDAQ:RLOG) fell by -6.10% in the last day from $0.34 to $0.32 and has now fallen 3 consecutive sessions. The price has fallen in 7 of the last 10 days and is down by -19.25% over the same course of time. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -4.24 million shares and in total 2.28 M shares exchanged hands for about $737 429.

Inside RLOG’s Recent Trend

Rand Logistics, Inc. (RLOG) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -56.33% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.07 and $0.17 in this timeframe.

Rand Logistics, Inc. Technical Signals



RLOG is a buy based on short-term MA; at the same time, however, a sales signal from the long-term average. Since the long term average is above the short-term average there is a general sales signal in the stock. On additional rally, the share price will meet long term resistance at around $0.40. On a drop, the stock is likely to find some support over the short run, which begins at $0.31. A buy signal will be generated if it crosses above the long term moving average. Meanwhile, a price down versus the short-term MA will be a fresh sales call. Its pivot point high generated sell signal on Friday July 14, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Rand Logistics, Inc. (NASDAQ:RLOG) Support And Resistance Levels

Rand Logistics, Inc. (RLOG) recorded volume accumulation so there will probably be a surplus of buyers at $0.32, $0.31, and $0.27. In case of gains, the next resistance from accumulated volume will be at $0.39, $0.34 and $0.34.




Rand Logistics, Inc. (RLOG) Risk Assessment

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be high risk. In the most recent session, the stock price hovered around $0.07 between high and low, or 23.21%. For the last week the stock has had a daily average volatility of 54.61%.

 

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