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. 

 

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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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