- RADA Electronic Industries could slow down as it approaches resistance at $11.12
- Upper Bollinger Band® currently at $11.68
A 3 day downtrend is ongoing for RADA Electronic Industries. Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $10.8, RADA Electronic Industries is up to $11, which makes for a move of 1.67%/20 cents today.
The stock has been trending positively for about 3 months. RADA Electronic Industries is up 39.18% from the significant low of $7.76 it hit 3 months ago.
RADA Electronic Industries Ltd.'s upper Bollinger Band® is at $11.68, this is a slight indication of a slowdown. RADA Electronic Industries could be slowing down soon as it approaches resistance at $11.12. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems RADA Electronic Industries is likely to reverse course and start pointing down in the short term.
Fundamental indicators – United States ISM Non-Manufacturing PMI (Oct) released today at 14:00 UTC with a figure of 54.4, while the previous figure was 56.7.
This rally in RADA Electronic Industries's share price coincides with other industrials stocks as Honeywell International is up 0.73% to $201.94.
While RADA Electronic Industries is higher so far today, these industrials stocks are struggling: after closing the previous session (yesterday) at $164.58, United Parcel Service lost $1.97 and is trading around $162.61.
Upcoming fundamentals: United States Non Farm Payrolls expected to decline to 200,000 while its preceding data was 263,000, data will be available tomorrow at 12:30 UTC.