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RingCentral, Inc.RR

RingCentral, Inc.

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RNG trade ideas

RingCentral | RNG | Long at $35.17RingCentral NYSE:RNG analysis: The Good: Revenues grew every from 2017 (~$500 million) to Q3 of 2024 ($2.3 billion) and recently adjusted to a "beat" for 2024 as a whole. Gross profit in Q3 of 2024 was $1.6 billion and has increased every year since 2019 Price-to-sales: 1.3x (industry average 5.7x) Rising free cash flow EBITDA positive at $190 million in Q3 of 2024 From a technical analysis perspective, my historical simple moving average has converged with the price which often leads to a future share price increase. However, it could trade sideways for a while before breaking through. The Bad: Competition, especially Microsoft Teams and other similar products in the market reducing or eliminating growth (although, this hasn't happened just yet). Recent insider selling Debt: $1.58 billion At $35.17, NYSE:RNG is in a personal buy zone. If there is a dip in the price, I anticipate the price gap in the low $30's to be filled or in a dire situation, a drop to the mid-$20's. Targets: $40.00 $45.00 $50.00 $200.00 (if momentum kicks for a long-term outlook)
NYSE:RNGLong
by WorthlessViews
short RNG, hype has passedRing Central gapped up on some news of its partnership with Vodafone. I expect it to drop right back down to the price level it gapped up from. (highlighted in red). Although I think this partnership is great and should provide synergies, there is no doubt in my mind that RNG has become way overblown in its stock price/valuation. I see more of a correction to recent support levels which are highlighted in bright red. With all that said, its 20 day MA just dipped below its 50 day MA indicating ashort-termm negative trend while it trades astronomically above its 200 day MA which signifies it has gone too far.
NShort
by EBITDAtiger
Context and Learning To Change With ChangeOne of the hardest things for traders, or anyone for that matter, is to adapt to change. Mostly we get stuck when things change, which makes trading difficult since the very nature of markets is change. This is where the cliché 'going with the flow' originates, but simply understanding the cliché isn't enough; we must internalize and practice it and get it in our bones. In this post, I will outline a trade plan for RNG. This is a part of our '30 Planned Trades' series, where we plan every aspect of the trade ahead of time and then execute what we have planned. One aspect of a trade plan is the method or setup. Setups don’t happen in a vacuum, there is a context that determines the meaning of the content. I’m going to approach context very simply here as the thing that decides if the market is going up or down. I often read things about how I should follow the trend or go with the flow or don’t fight the market, but exactly what trend or flow should I follow? It’s too abstract, so I’m going to fix a cycle to follow and learn to let go and change when it changes. In the video, I show the basics of a simple practice you can try, using a rolling 100-bar cycle to determine if we are looking for long setups, short setups, or in a transitional or neutral phase. I not only want to be precise and consistent in my Trade Plans, I want to be consistent in my methods. By adhering to a fixed cycle and adapting with changes, I avoid the need to guess or predict market directions, maintaining balance in my approach. Think about this: If you charge your mind with the impossible task of predicting a market when markets are unpredictable, you will end up a nervous wreck and then wonder why your trading is so emotional. I encourage you to try this practice. Since it keeps you from constantly looking to the left of the chart or at higher time frames for more information, it will likely push you out of your comfort zone into the unknown, which is a good start. Shane
NEducation
by ShaneBlankenship
Ring Falling Wedge, 200ma BeatRing has formed a falling wedge(FW) pattern as price trends above the 200ma for the first time since early 2021. Falling wedges tend to be bullish patterns as price tends to break up and out of them which price is attempting to do on this move up this morning. Having 200ma support for the first time in over two years is helping the bull case for a break up and out of the wedge. The short moving averages(MAs) are all rising and above the long MAs, with all MA's in proper bullish sequential order other than the 100 and 200ma's. The PPO indicator shows the green PPO line overlayed with the purple signal line. When the green PPO line is trending above the purple signal line the short-term momentum is considered bullish; when the green PPO line is below the purple signal line the short-term momentum is considered bearish. Both lines being above the 0 level indicates intermediate to long-term bullish momentum. Going forward we want to see the green PPO line hold at the purple signal line and turn back up as a signal that price has returned to short-term bullish momentum. The TDI indicator shows the green RSI line above the 50 level and recent action has the green RSI line trending between the 40-80 levels which indicates intermediate to long-term bullish price trend. Currently the green RSI line is attempting to rise back into the upper half of the white Bollinger Bands and above the horizontal 60 level which beating both would indicate short-term bullish trend in price. My entry on this trade is $40.46 with a stop-loss at $37.56. Short-term scalping on a successful break out of the falling wedge would put profit-taking near the $43 area based on a measured move of the falling wedge. Should price move above $43 with ease I'll likely keep holding the trade and raise my stop-loss on pullback and moves higher should price begin to create a series of higher highs and higher lows.
NLong
by PrepForProfit
2
Ringcentral (NYSE: $RNG) Looking Cheap @ Current Price Levels!🔔RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.
NLong
by RedHotStocks
2
2021 Actual Trade: RNG +25% ProfitsWhen a stock performed so well that became extended for a proper entry point, RNG provided another opportunity as an alternative choice for almost the same business. Last November we noticed ZM began to slow down but RNG picked up its upside momentum. This situation continued from November to December 2020. Thus, we decided to get in RNG on 12/02/2020. Its four months base offered a strong foundation for its upcoming rally. Thus, the entry point is the same as the breakout point, an ideal timing. Then, it is an easy ride of a straight-up run for +25% profits
N
by marketfellow
Potential pull-back / return to mean on RNGRingCentral (RNG) is doing incredibly against expectation over the past year and, in response, has been overbought by the market. They're outperforming competition by a wide margin, so I'm anticipating steady, longterm growth, though the immediate pull-back following this afternoon's earnings announcement could continue for a day or two, with former executives looking to capitalize on their current share value and institutional money looking to cover recent losses in other industries. The coincides with a quasi-Elliott wave, likely conflated by the meme-stock fanfare, which could lead into a regression to the mean. Taking into account COVID and the affect of WFH culture, this could take RNG up over $500 around the end of March, with a subsequent pullback to current levels by earnings in May. This could then be followed by another stretch of growth, judging by the company's massive revenue growth over the past year.
NLong
by epaka