Ringcentral, Inc. ($RNG) Is Picking Up Steam (2019-10-22)

REPORTING FOR 2019-10-22 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how RNG has been trading over the last 2 weeks and the past day especially. On its latest session, Ringcentral, Inc. ($RNG) opened at 162.74, reaching a high of 163.28 and a low of 159.01 before closing at a price of 160.5. There was a total volume of 917094.

VOLUME INDICATORS FOR RINGCENTRAL, INC. ($RNG): We saw an accumulation-distribution index of 29469.05063, an on-balance volume of -161.67, chaikin money flow of 14.81481 and a force index of 88.964. There was an ease of movement rating of -0.00568, a volume-price trend of 35.08775 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR RINGCENTRAL, INC. ($RNG): We noted an average true range of 3.09909, bolinger bands of 160.07963, an upper bollinger band of 156.77037, lower bollinger band of 159.01, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 161.67667, high band keltner channel of 161.13667, low band keltner channel of 162.21667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 159.01, a donchian channel low band of 159.01, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR RINGCENTRAL, INC. ($RNG): We calculated a Moving Average Convergence Divergence (MACD) of -0.02625, a MACD signal of -0.01458, a MACD difference of -0.01167, a fast Exponential Moving Average (EMA) indicator of 159.01, a slow Exponential Moving Average (EMA) indicator of 159.01, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.43545, a trix of 14.04311, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -28.49593, a KST Oscillator (KST) of 218.33606 and a KST Oscillator (KST Signal) of 218.33606 (leaving a KST difference of -2.24114). We also found an Ichimoku rating of 163.01, an Ichimoku B rating of 163.01, a Ichimoku visual trend A of 137.53302, an Ichimoku visual trend B of 144.93913, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR RINGCENTRAL, INC. ($RNG): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 88.42547, a stochastic oscillator of 790.74074, a stochastic oscillator signal of 790.74074, a Williams %R rating of 690.74074 and an awesome oscillator of 1.79533.

RETURNS FOR RINGCENTRAL, INC. ($RNG): There was a daily return of 21.83361, a daily log return of -0.73852 and a cumulative return of -0.7358.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-22 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Ringcentral, Inc. ($RNG)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Ringcentral, Inc. ($RNG) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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