The SP history of RAC since I have been involved has been one of long flat periods with declining volume then sudden jumps in price and volume at unexpected moments. I have seen nobody here be very good at predicting when these jumps would happen.
More generally, traders will trade and 90% of them will lose money. In the long run the SP of any company is going to be determined by fundamentals and outside macro events. If your investment horizon is longer than 12 months there is not much point worrying about day to day SP movements, worry instead if your investment thesis is correct and if the company is delivering on what it promised.
RAC - Charts & Price Action, page-6771
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Last
$1.70 |
Change
0.090(5.59%) |
Mkt cap ! $289.5M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.76 | $1.59 | $142.7K | 84.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17175 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 6060 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |