RH sharpens decline - Analysis - 01-07-2022
2022-07-01 11:30:08 GMT
(Economies.com)
RH's stock declined 10.56% in the last session, or 25.06 points, piercing the support of 236.30, and settling at 212.26, with trading volumes surpassing 3.3 million shares, above 10-day averages of million shares, as the company expects yearly earnings to fall by 5%.
The main downward trend dominates in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 188.40, provided it settles below 236.30.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0172
|
-0.0046
|
0.4541%
|
|
|
|
|
1.2108
|
0.0003
|
0.0285%
|
|
|
|
|
20.098
|
-0.152
|
0.751%
|
|
|
|
|
86.781
|
-0.480
|
0.550%
|
|
|
|
|
92.34
|
-2.76
|
2.90%
|
|
|
|
|
1775.075
|
-6.610
|
0.371%
|
|
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