RingCentral RNG Stock & Option Trade Ideas

Based on the technical indicators for RNG:

• MACD (Moving Average Convergence Divergence) is negative and below the Signal Line, indicating a bearish trend.
• RSI (Relative Strength Index) is below 50, suggesting bearish momentum.
• Bollinger Bands have been squeezing, indicating potential increased volatility.

Overall, the technical data suggests a bearish outlook for RNG in the near term.

Here are some potential trading strategies for RNG:

• Stock Trading: Consider short-selling RNG to profit from the expected downward movement. Setting a stop-loss order slightly above the resistance level could help manage risk.
• Option Trading: Since the stock is expected to decline, consider buying put options. A bear put spread or a long put strategy could be suitable to benefit from the anticipated price drop while limiting potential losses.

It is crucial to perform further analysis and consider market conditions before executing any trades.