Reynolds American Inc. (NYSE:RAI) Daily Technical Review & Outlook

Reynolds American Inc. (NYSE:RAI) dropped at the rate of -2.23% in the last day from $66.89 to $65.40 The stock price went upward in 6 of the last 10 days and has generated 2.28% during the last two weeks. Volume has increased in the last day by 143.03 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 159.08 M shares exchanged hands for about $10 403.80 million.

Inside RAI’s Recent Trend

Reynolds American Inc. (RAI) with 90% probability for the price to range between $64.04 and $67.87 in this timeframe. Investors sometime notices large volume spikes after a breaking of the horizontal base, and stocks rarely experience a roller coaster ride from the bottom of a trend. Stocks jumping at a middle end of a horizontal base are therefore followed in search of a potential runner.

Reynolds American Inc. Technical Signals

RAI has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $65.74 and $65.59. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Friday July 21, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume up and price depreciating is getting our attention as this movement is seen as bearish sign.

Reynolds American Inc. (NYSE:RAI) Support And Resistance Levels

Reynolds American Inc. (RAI) recorded volume accumulation so there will probably be a surplus of buyers at $65.31, $64.84, and $64.50. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $66.89, $66.50 and $67.37.

Accumulated volume is going to prevent the price from rising further at $66.89 and this action will lead the price to take a temporary pause or stay muted for a few days.

Reynolds American Inc. (RAI) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $1.53 (2.34%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.14%.


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