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RAD Stock Forecast and Stock Price Prediction

NYSE : RAD

Rite Aid

$0.65
-0.131-16.81%
At Close 4:00 PM
Not Actively Trading
51.9
B-ESG ScoreESG Rating
ProfileKey StatsAnalyst RatingsOwnershipRatiosFinancialsDividend & splitsSentimentForecast

Stock Forecast Chart

Stock Price Prediction Summary

Closed Price$0.250%Since 2 Weeks
Predicted Price$0.04-94.46%For 2 Weeks
Upper Predicted Price$0.21-67.24%For 2 Weeks
Lower Predicted Price$0.00-100%For 2 Weeks

Forecast Score Based on 2 Weeks

020406080100
3

Based on our forecast, the price of RAD will decline by -94.46% over the next 2 Weeks and hit $0.04 by Monday, November 20, 2023. In that time frame, RAD's share price is expected to range between $0.00 and $0.21.

BearishAverageBullish
DatePredicted LowerPredictedPredicted Upper
Nov 20, 20230.000.040.22
Nov 17, 20230.000.080.26
Nov 16, 20230.000.090.30
Nov 15, 20230.000.100.28
Nov 14, 20230.000.100.29

RAD shares fell -16.81% in Friday, October 13, 2023's trading session, dropping from a previous close of $0.78 to move at $0.65. The stock demonstrated notable intraday movement (see RAD's key stats for a full breakdown), fluctuating between $0.65 and $0.80, a +24.03% trading range. While recent weeks have seen some volatility, RAD has managed to secure a +131.54% gain over the past 2 weeks. The downward price movement was accompanied by increased trading volume, with approximately 560.29K shares changing hands, 118.17K more than the previous session. This amounted to $363.24K in total market activity.

Will RAD Continue Its Downward Trend?

According to analyst ratings and projections for RAD, Rite Aid Corporation shares are anticipated to decrease by -201.22%, potentially reaching $0.22 per share by November 20, 2023. Short-term technical indicators currently suggest a bearish sentiment for RAD. However, the stock has recorded 16 positive trading days within the past 30 sessions. Based on the RAD stock forecast, now is not the best time to buy RAD stock because its current trading price is +1,721.07% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on RAD covering social and institutional perspectives.

RAD Technical Momentum: Overbought, Oversold, or Neutral?

An analysis of Relative Strength Index (RSI) indicators provides insight into RAD's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 37.83% to 41.61%) suggest weak bearish momentum with possible fluctuation. The 50-day RSI, at 38.60%, hints at potential weakness developing in the medium term. Additionally, the 100-day RSI, at 41.14%, maintains a neutral outlook for the long term. Insights into RAD's shareholder base show how institutional investors are positioning themselves during these momentum shifts

Rite Aid Corporation Monthly Forecast 2024

September 2024

According to our latest forecast models, Rite Aid Corporation (RAD) is positioned to show a strong performance in September 2024. The price is predicted to move between $0.00 and $0.00, settling at an average of $0.31. This could translate to a -52.18% loss.

October 2024

Based on current market signals, Rite Aid Corporation is projected to trend october 2024. We forecast a trading range from $0.00 to $0.00, with a likely average price of $0.19. Investors could expect a potential return of -70.69%.

November 2024

Our predictive algorithms indicate Rite Aid Corporation stock may see a shift in November 2024. The expected range spans $0.00–$0.00, with an average target of $0.16. This represents a cautious outlook and a possible loss of -75.32%.

RAD's history of dividends and stock splits also plays a role in long-term investor confidence.

Stock Peers

PBH
-1.36-2.79%
Prestige Consumer Healthcare Inc.$47.34CELG-RI
0.0075+7.50%
Bristol-Myers Squibb Company Ce$0.11

Frequently Asked Questions

What is the RAD stock price prediction for next 2 weeks?
According to our price prediction algorithm,Rite Aid Corporation (RAD) price will be around $0.04 in the next 2 weeks. This means it will decrease by -94.46% from the last closing price. This prediction may vary from other time period filters for RAD stock.
What can be the highest Possible price of RAD stock in next 2 weeks?
Our forecast algorithm expects that in 2 weeks, RAD can achieve the highest price of $0.21 which is -67.24% lower than last closing price. This prediction may vary from other time period filters for RAD stock.
What can be the lowest Possible price of RAD stock in next 2 weeks?
As per the forecast and algorithmic analysis, RAD stock price can be as low as $0.00 which is -100.00% lower than the current price in the next 2 weeks. This prediction may vary from other time period filters for RAD stock.
Will RAD stock go high in the next 2 weeks?
No, our stock forecasting algorithm shows that RAD stock will lose-94.46% in the next 2 weeks. This prediction may vary from other time period filters for RAD stock.
What is RAD stock last closing price?
Last closing price of RAD stock was $0.25.
What is RAD stock price prediction?
RAD stock price prediction means predicting the future closing prices of RAD stock based on its past data. Our forecasting algorithm uses various machine learning and deep learning techniques to forecast the future behavior of RAD stock in a certain time period.
How we predict RAD stock future prices?
If you are searching for RAD stock forecast, analysis or price prediction, then you might be wondering what Rite Aid Corporation (RAD) will do in the future. Our RAD price predictions are based on various Machine Learning based algorithms with an aim to try and predict future price movements. This RAD price prediction will likely answer most of your questions.
How frequent we update RAD stock predictions?
We are updating the forecasts for the RAD stock on daily basis.
Is using ML forecasting for RAD stock a good way?
Yes. Stock Price Prediction is one of the most exciting applications of Machine Learning. By leveraging data from the past, it is possible to use forecasting models to make accurate predictions about future stock prices. This can be incredibly beneficial for investors and traders, as it gives them the ability to make more informed decisions about when to buy and sell. Investing in the stock market can be a risky endeavor, but leveraging Machine Learning can make it a bit less daunting and more profitable.
Is the Prediction for RAD stock same for all the time periods?
No, the prediction for RAD stock is not same for all time periods. The forecasts may vary depending on the differences in the time period.
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