USA A1 Trading Advice (B) | 29-Jan-2025 | Expected Gain 4%-5%

 BUY   Ralph Lauren (NYSE: RL)

Ralph Lauren (NYSE: RL) STOCK RECOMMENDATION

Idea BUY
Buy Range 250 – 255
Target 264 – 266
StopLoss* below 243
Duration 12-14 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 250 – 255 264 – 266 below 243 12-14 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Ralph Lauren (NYSE: RL) STOCK OVERVIEW

Ralph Lauren Corporation is a renowned American fashion company known for its high-quality, luxury lifestyle products. Founded in 1967 by the iconic designer Ralph Lauren, the company has become a global symbol of timeless style and sophistication. The company offers a wide range of products, including apparel, footwear, accessories, home goods, fragrances, and hospitality. Ralph Lauren’s iconic polo shirt and strong brand identity have contributed to its success, making it a global leader in the luxury fashion industry.

Stock Data
NYSE Symbol RL
Sectoral Index Apparel
52 Weeks High 257.41
52 Weeks Low 142.265

Ralph Lauren (NYSE: RL) - RELATIVE STRENGTH

RL - RELATIVE STRENGTH

Relative Performance - Last 1 Year

RL —     NYSE —

Ralph Lauren (NYSE: RL) - DAILY TECHNICAL ANALYSIS

RL - DAILY TECHNICAL ANALYSIS
Ralph Lauren (NYSE: RL) - Technical Analysis (Daily)
  • The stock price underwent a prolonged consolidation phase, forming an Inverted Head & Shoulders pattern.
  • After the breakout, the price initially surged but then entered a box pattern for further consolidation.
  • A subsequent breakout propelled the stock to reach all-time highs.
  • The current trend suggests that the upward momentum is likely to continue, potentially driving the price even higher in the near future.

Ralph Lauren (NYSE: RL) - RSI

Ralph Lauren (NYSE: RL) - RSI
  • Current RSI of this stock is 71.18, which indicates the strength of buyers.

Ralph Lauren (NYSE: RL) - MACD

Ralph Lauren (NYSE: RL) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Ralph Lauren (NYSE: RL) - EMA Cross

Ralph Lauren (NYSE: RL) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Ralph Lauren (NYSE: RL) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Ralph Lauren stock price target will be USD 264 – USD 266 in the next 12-14 trading sessions.

Ralph Lauren (NYSE: RL) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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