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Takip Edin: @UscMarketsRKUNY Stock Forecast & Rakuten Group Chart Analysis
This article provides a detailed analysis of RKUNY-Rakuten Group stock including a forecast for RKUNY shares. It features Rakuten Group, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
RKUNY Historical Data Review
RKUNY Current Price Performance Analysis
The Rakuten Group - RKUNY stock traded on the American stock market, on 06-05-2024, closed at 5.28$ with a %-1.68 decreased compared to the previous day.
In the last month, the price of RKUNY changed by %6.45 increased in value, from 4.96 dollars on 05-06-2024 to 5.28 dollars, increased.
Last year, the price of RKUNY was 3.96 dollars on 06-06-2023, and changed by %33.33 increased in value, to 5.28 dollars increased within a year.
The price of Rakuten Group stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
RKUNY with AI Stock Forecast & Price Target
On the RKUNY chart Rakuten Group price was recorded as 5.28 Dollars on 06/05/2024.
The artificial intelligence's forecast on RKUNY stock is as follows.
The artificial intelligence's prediction error margin for RKUNY stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Rakuten Group stock over the next 4 months is: 6.2 Dollars.
The commentary on RKUNY stock Target Price: Highest: 7.029 Dollars is predicted.
The commentary on RKUNY stock Target Price: Lowest: 5.301 Dollars is predicted.
Resistance Price where Rakuten Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 5.645 |
| 10-08-2024 | 6.530 |
| 11-27-2024 | 6.516 |
| 01-31-2025 | 7.029 |
| 03-17-2025 | 6.492 |
Support Price where Rakuten Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 5.301 |
| 11-07-2024 | 6.277 |
| 12-27-2024 | 6.100 |
| 03-12-2025 | 6.473 |
The commentary on RKUNY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Rakuten Group stock by the end of 2024 is predicted to be 6.1 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on RKUNY stock, and the 2024 target price predictions for Rakuten Group are detailed above.
The technical analysis and charts for the commentary on RKUNY stock are below.
RKUNY Support & Resistance and Trend Analysis
RKUNY stock you have reviewed the technical analysis support resistance charts regarding.
RKUNY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the RKUNY review, the Rakuten Group support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Rakuten Group Support and Resistance Prices:
| RKUNY Support Level Price | RKUNY Resistance Level Price |
|---|---|
| 3.50 | 3.92 |
| 3.70 | 4.07 |
| 3.81 | 4.20 |
| 3.84 | 4.50 |
| 4.13 | 4.71 |
| 4.24 | 5.39 |
| 4.66 | 5.49 |
| 4.77 | 5.93 |
| 4.79 | 6.00 |
| 5.23 | |
| 5.50 |
RKUNY Technical Analysis: SMA, RSI, MACD
Upon reviewing the RKUNY chart, buy and sell signals have been generated in the Rakuten Group technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for RKUNY stock are as follows:- RKUNY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Rakuten Group gave a 'Buy' signal when the RSI was at 24.479, with the current RSI value at 58.4.
- The technical analysis for RKUNY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Rakuten Group issued a 'Buy' signal when the MACD was at -0.149, with the current MACD value being: 0.032
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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