Trading Signals: RNG Stock Price Prediction and Forecast

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Thu. Feb. 13, 2020

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

(RingCentral, Inc.)
RNG latest price $242.8500 (3.27%) ($234.0100 - $244.6300) on Thu. Feb. 13, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.62% (three month average)
RSI   87
Latest Price   $242.8500(3.27%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   RNG advances 3.5% a day on average for past five trading days.
Weekly Trend   RNG advances 6.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support RNG advance at 0% a week (0% probability)
IPO(64%)    IBUY(63%)    SKYY(63%)    ONLN(62%)    ARKK(57%)
Factors Impacting RNG price   RNG will decline at least -0.81% in a week (0% probabilities).
VIXM(-27%)    VXX(-13%)    UUP(-7%)    TBT(-4%)    UNG(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.81% (StdDev 1.62%)
Hourly BBV 0 ()
Intraday Trend 3.8%

5 Day Moving Average   $225.02(7.92%)
10 Day Moving Average   $216.42(12.21%)
20 Day Moving Average   $207.35(17.12%)
To recent high   0%
To recent low   51.1%
Market Cap   $21.603b

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 6.48% (three month std-dev: 1.62%) daily (68% of days).

Sample size 17 Average positive next day return: 1.8%(47%) Average negative next day return: -2.75%(53%) Sample size 17 Average positive next three day return: 2.18%(53%) Average negative next three day return: -2.69%(47%) Sample size 17 Average positive next weekly return: 3.53%(65%) Average negative next weekly return: -2.53%(35%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200313

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	Feb_13_2020	173.88	207.35	216.42	225.02	227	235.02	242.85(3.27%)	UT	HoldLong	65	1.3	367	270	363	377	1.67	100%	0.68	78.2	1.62%	0	2.6	87	0.6
2	Feb_12_2020	172.7	204.57	212.5	217.48	218.93	229.5	235.15(3.58%)	UT	HoldLong	65	1.6	447	360	475	364	1.97	100%	0.65	79.3	1.63%	0	2.8	85	1
3	Feb_11_2020	171.59	202.02	209.12	211.7	212.49	218.98	227.02(6.78%)	UT	HoldLong	65	1.7	417	220	451	316	3.54	100%	0.57	82.6	1.59%	0	2.7	84	0.1
4	Feb_10_2020	170.62	199.93	206.34	208.13	207.44	208.36	212.61(2.48%)	UT	OpenLong	75	0.6	119	20	103	168	1.76	100%	0.48	92.1	1.37%	0	1.7	75	0.2
5	Feb_7_2020	169.8	198.48	204.62	206.76	207.13	206	207.47(1.13%)	UT	HoldLong	50	0.1	25	-30	-6	118	1.1	100%	0.45	94.6	1.35%	0	1.2	75	-0.1

6	Feb_6_2020	169.04	197.35	203.65	206.38	206.64	206.53	205.16(-0.53%)	N/A	N/A	0	-0.2	-20	0	-62	107	0.77	100%	0.46	98.5	1.35%	0	1	75	0.2
7	Feb_5_2020	168.27	196.17	202.93	206.56	206.49	208.27	206.26(-1.38%)	UD	OpenLong	75	-0	103	60	77	181	0.87	100%	0.47	101.6	1.39%	0	1.2	79	0.1
8	Feb_4_2020	167.49	194.73	201.85	205.95	205.65	206.75	209.15(1.65%)	UT	HoldLong	65	0.4	143	30	120	213	0.96	100%	0.51	99.6	1.4%	0	1.6	87	-0.7
9	Feb_3_2020	166.64	193.13	200.52	204.24	204.02	204.71	205.76(0.09%)	UT	HoldLong	65	0.2	83	20	50	183	1.14	100%	0.49	98.9	1.44%	0	1.4	83	-1.4
10	Jan_31_2020	165.83	191.4	199.24	202.12	202.57	204.55	205.58(-0.22%)	UD	OpenLong	75	0.4	135	80	112	205	1.03	100%	0.49	87.6	1.44%	0	1.5	85	-2.4

11	Jan_30_2020	165.02	189.79	197.77	200.47	199.81	203.32	206.03(1.38%)	UT	HoldLong	65	0.6	154	110	135	209	0.75	100%	0.51	85.1	1.46%	0	1.7	83	-0.4
12	Jan_29_2020	164.18	187.93	196.11	198.8	198.33	200.6	203.23(1.3%)	UT	HoldLong	65	0.5	194	70	183	225	0.78	100%	0.5	85.6	1.51%	0	1.6	84	-0.7
13	Jan_28_2020	163.36	186.13	194.37	197.18	196.83	196.3	200.62(2.8%)	UT	HoldLong	65	0.4	58	-20	23	163	0.98	100%	0.44	77.6	1.52%	0	1.5	86	-0.7
14	Jan_27_2020	162.65	184.54	192.98	196.3	196.35	196.06	195.15(-1.11%)	N/A	N/A	0	-0.1	-6	-10	-57	147	0.6	100%	0.38	73.9	1.49%	0	1.1	82	-1.9
15	Jan_24_2020	162.03	183.23	191.87	195.85	197.17	197.36	197.34(-0.16%)	UD	OpenLong	75	0.1	103	30	65	216	0.77	100%	0.36	72.3	1.54%	0	1.4	90	0

16	Jan_23_2020	161.45	181.78	190.58	194.55	195.47	196.64	197.65(1.3%)	UT	HoldLong	65	0.3	71	60	26	205	0.56	100%	0.36	70.9	1.6%	0	1.6	83	1.2
17	Jan_22_2020	160.87	180.3	188.9	192.96	194.06	196.99	195.12(-0.58%)	UD	OpenLong	75	0.2	164	120	134	253	0.71	73%	0.35	71.6	1.65%	0	1.5	85	1.1
18	Jan_21_2020	160.31	178.98	187.1	191.1	191.8	194.31	196.26(1.75%)	UT	HoldLong	65	0.5	174	100	149	250	1.08	73%	0.36	71.4	1.75%	0	1.8	87	1.4
19	Jan_17_2020	159.74	177.5	185.16	189.18	189.1	191.12	192.89(1.08%)	UT	HoldLong	65	0.4	116	70	84	213	0.62	52%	0.33	74.8	1.86%	0	1.8	80	1.9
20	Jan_16_2020	159.22	176.17	182.97	187.3	187.58	189.29	190.83(0.59%)	UT	HoldLong	65	0.4	121	70	93	206	0.93	52%	0.32	76.8	1.86%	0	1.8	80	2.2

21	Jan_15_2020	158.71	174.88	181.2	186.01	185.97	187.08	189.71(2.11%)	UT	HoldLong	65	0.5	90	40	58	187	0.84	52%	0.3	78.3	1.91%	0	1.9	79	2
22	Jan_14_2020	158.23	173.64	179.11	184.24	184.95	185.87	185.79(-0.48%)	UD	OpenLong	75	0.2	93	50	65	177	0.82	46%	0.28	78.3	1.89%	0	1.7	76	2.3
23	Jan_13_2020	157.79	172.51	177.24	182.43	183.19	184.86	186.69(1.75%)	UT	HoldLong	65	0.6	89	80	66	158	1.21	46%	0.3	74.2	1.9%	0	2.1	77	2.5
24	Jan_10_2020	157.32	171.19	175.43	180.5	181.13	184.03	183.48(-0.48%)	UD	OpenLong	75	0.5	134	120	123	167	0.57	46%	0.27	70.1	1.89%	0	2	76	1.4
25	Jan_9_2020	156.9	170.1	173.9	177.91	178.54	181.52	184.37(1.92%)	UT	HoldLong	65	1.1	153	130	152	156	1.15	46%		59.1	1.89%	0	2.5	78	1.4
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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