- Bollinger analysis indicates upper Band® is at $10.47
Having lost 24 cents over 8 days, With a marginal improvement upon Friday's session, RADA Electronic Industries moves 0% to close at $9.87 Friday.
The stock has been trending positively for about 5 months. Approximately 8 months ago, the aerospace and defense company reached a significant high of $16.43 but has struggled to hold onto its gains and declined 39.93% since then.
RADA Electronic Industries Ltd.'s upper Bollinger Band® is at $10.47, suggesting that a downward move may follow.
Despite the market lacking direction, technical chart analysis strongly suggests RADA Electronic Industries is positioned for a downward move in the near term.
Meanwhile, mixed performances were seen by other industrials stocks as Deere & Company closed at $434.81 (down 1.83%). United Parcel Service lost 1.11% Friday and closed at $177.64. Caterpillar went down 1.57%, closed at $230.92.
Upcoming fundamentals: United States Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released tomorrow at 13:30 UTC.