RAI Way shares could be on the verge of going higher
There are stocks that are almost never in the limelight for their amazing performances. Still, they can provide excellent buying opportunities for attractive long-term earnings. Consider the case of RAI Way which at the close of 14 February gave an exceptional bullish signal and in the short/medium term could offer its shareholders an attractive return and, above all, without too much risk.
RAI Way: an exceptional bullish signal for a stock suitable for those who do not like risk
RAI Way shares are not known for their amazing performances. Suffice it to say that in their history in Piazza Affari that began in 2015, the probability of having an increase/decrease of more than 3% is less than 5%. Only in 1% of cases, on the other hand, did the daily increase exceed 5%. This probability drops to 0.38% in the case of a decline of more than 5%.
It should come as no surprise, then, that the stock’s beta is only 0.3. This means that RAI Way shares reproduce the movements of the Ftse Mib with a multiplication factor of 3. That is, if the Ftse Mib rises by 3%, RAI Way’s prices, on average, rise by 1%. The same goes for the downside as well.
Here, then, is that a bullish signal based on the strength of both prices and volumes could lead to an interesting move on the RAI Way title. This signal materialized at the close on February 14th.
To conclude, we recall that RAI Way shares are among the best in Piazza Affari in terms of ROI, ROE and ROA.
The indications of the graphic analysis
The stock title RAI Way (MIL:RWAY) closed the February 14 session at €5.415, down 1.12% on the previous session.
Raising trend for RAI Way which also sees the volumes traded on the share on the rise – projectionsdiborsa.it
The current trend identified by the averages has been upwards for a few days now. However, for the ultimate bullish breakthrough it would be important to break into closure of the area for the day €5.50. At that point the RAI Way shares could continue theirs rise up to the €6 area.
That the stock could accelerate upwards is also evident from the showdown of February 14th. With volumes up 130%in fact, the quotations have broken upwards important resistances.
The bears could gain the upper hand again in the event of a daily close below €5.33.
