RADA Electronic Industries Ltd. (NASDAQ:RADA) fell by -7.14% in Tuesday’s trading session from $3.05 to $2.83 and has now fallen 4 consecutive sessions. The price has been moving in both directions for this period, and there has been a 5.6% gain over 10-day period. Volume has increased in Tuesday’s trading session by 1.40 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.93 M shares exchanged hands for about $5.46 million.
Inside RADA’s Recent Trend
RADA Electronic Industries Ltd. (RADA) enjoys staying at the middle end of a sharp increasing trend in a short period of time and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 67.57% over the course of a quarter and, with 90% chance the price will be floating in the range of $3.87 and $5.50 in this timeframe.
RADA Electronic Industries Ltd. Technical Signals
RADA has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $3.01. On a drop, the stock is likely to find some support over the long run, which begins at $2.39. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.
RADA Electronic Industries Ltd. (NASDAQ:RADA) Support And Resistance Levels
In case of pullback, the next support the price will capture from accumulated volume will not be far away from current price at $2.68 and $2.37. In case of gains, the next resistance from accumulated volume will be at $2.98, $3.04 and $3.11.
It is important to note, however, that the stock needs to make its way through natural risk while testing a key support level. Once this support is broken, another support level will be to be established at a lower level. Turning back to this stock, Rada Electronics Industries Limited approaches the first support point just current price at $2.68. In case of a break, the next support we will see from accumulated volume is going to be at $2.37 and $2.20.
RADA Electronic Industries Ltd. (RADA) Risk Assessment
A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.36 between high and low, or 13.48%. The average volatility for the past week stood at 7.60%.