Ruhnn Holding Limited (RUHN) Is Up, So Why Am I Smiling?

The biggest gainers of the session on the Wall Street include Ruhnn Holding Limited (NASDAQ:RUHN), which rose 0.19 points or 3.02% to trade at $6.48 as last check. The stock closed last session at $6.29 and sets an active trading volume day with a reported 388216 contracts so far this session. RUHN shares had a relatively better volume day versus average trading capacity of 521.29 thousand shares, but with a 16.4 million float and a -22.44% run over a week, it’s definitely worth keeping an eye on. RUHN share price has been trading recently between $6.21 and $7.

Looking at the current readings for Ruhnn Holding Limited, the two-week RSI stands at 44.12. This figure suggests that RUHN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current RUHN readings is similarly very revealing as it has a stochastic reading of 20.75% at this stage. This figure means that RUHN share price today is being overbought.

Technical chart claims that Ruhnn Holding Limited (RUHN) would settle between $6.79/share to $7.29/share level. However, if the stock price goes below the $6 mark, then the market for Ruhnn Holding Limited becomes much weaker. If that happens, the stock price might even plunge as low as $5.71 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.67. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Moving on, RUHN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 48.4. Ruhnn Holding Limited current P/B ratio of 3.1 means it is trading at a discount against its industry’s 10.3.