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RINGCENTRAL INC. CLASS A
RINGCENTRAL INC. CLASS A
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RNG
ISIN:

RINGCENTRAL INC. CLASS A - Daily - Technical analysis published on 09/26/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
28%
44%
28%
My opinion
Bearish under 131.33 USD
My targets
124.25 USD (-2.98%)
111.06 USD (-13.28%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for RINGCENTRAL INC. CLASS A as long as the price remains well below 131.33 USD. The next bearish objective for sellers is set at 124.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 111.06 USD. In case of crossing, the next objective would be the support located at 96.85 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 124.25 USD. With this support, against the trend traders who want to buy RINGCENTRAL INC. CLASS A on a buy signal from their trading strategy should not hesitate to act.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

RINGCENTRAL INC. CLASS A rating 128.06 USD. On the day, this instrument gained +0.63% and was between 123.86 USD and 128.54 USD. This implies that the price is at +3.39% from its lowest and at -0.37% from its highest.

123.86
128.54
128.06

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by RINGCENTRAL INC. CLASS A:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of RINGCENTRAL INC. CLASS A indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 96.85 111.06 124.25 128.06 131.33 142.72
Change (%) -24.37% -13.28% -2.98% - +2.55% +11.45%
Change -31.21 -17.00 -3.81 - +3.27 +14.66
Level Minor Intermediate Major - Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.88120.92124.09129.14132.31137.35140.52
Camarilla125.00125.75126.51127.26128.01128.77129.52
Woodie114.94120.45123.15128.67131.37136.88139.58
Fibonacci120.92124.06126.00129.14132.28134.22137.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.84121.42127.49131.07137.14140.72146.79
Camarilla130.91131.79132.68133.56134.45135.33136.21
Woodie119.09122.04128.74131.69138.39141.34148.04
Fibonacci121.42125.11127.38131.07134.76137.03140.72


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard114.02121.54131.33138.86148.65156.18165.97
Camarilla136.37137.96139.54141.13142.72144.31145.89
Woodie115.15122.11132.47139.43149.79156.74167.11
Fibonacci121.54128.15132.24138.86145.47149.56156.18

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 41.54
MACD (12,26,9): -1.6600
Directional Movement: -12.70
AROON (14): -28.57
DEMA (21): 130.25
Parabolic SAR (0,02-0,02-0,2): 134.65
Elder Ray (13): -4.82
Super Trend (3,10): 139.28
Zig ZAG (10): 128.06
VORTEX (21): 0.7700
Stochastique (14,3,5): 35.79
TEMA (21): 127.73
Williams %R (14): -69.03
Chande Momentum Oscillator (20): -3.53
Repulse (5,40,3): -0.6100
ROCnROLL: 2
TRIX (15,9): -0.1500
Courbe Coppock: 11.78
MA7: 130.94
MA20: 133.03
MA50: 133.90
MA100: 126.51
MAexp7: 130.00
MAexp20: 132.06
MAexp50: 131.51
MAexp100: 126.02
Price / MA7: -2.20%
Price / MA20: -3.74%
Price / MA50: -4.36%
Price / MA100: +1.23%
Price / MAexp7: -1.49%
Price / MAexp20: -3.03%
Price / MAexp50: -2.62%
Price / MAexp100: +1.62%

News


The last news published on RINGCENTRAL INC. CLASS A at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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