Rapid7, Inc. Common Stock | RPD

Daily Technical Analysis of Rapid7, Inc. Common Stock

Rapid7 had a nice pop today and is currently up 5.23% -- which is pretty good. Investors have a more positive outlook for the company and future revenue.

Currently RPD isn't at a clear support/resistance line that seems tradable. Rapid7 hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. RPD might find some support at the 26.8 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Rapid7 By Price Target And Rating

The analysts are pretty neutral on Rapid7 right now, so not much useful information here. The current Analysts Sentiment Score is 6.92. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. UBS Group upgraded from Neutral to Buy on 2024-01-29 and also increased their price target by 32.08% to $70.00. Citigroup upgraded from Neutral to Buy on 2024-01-09 and also increased their price target by 20.37% to $65.00. Susquehanna announced that they are initiating coverage with a rating of Neutral on 2023-12-15 and they set their price target at $55.00.JPMorgan Chase & Co. provided a price target boost of 17.31% to $61.00 from $52.00 on 2023-12-11. Morgan Stanley gave a boost to their price target and moved to $55.00 from $52.00 on 2023-11-07. Truist Financial decided to move up their price target on 2023-11-03 to $50.00 which is a 25% increase. On 2023-11-03 there was an upgrade provided by Wolfe Research from Peer Perform to Outperform and added a price target of $56.00. Mizuho gave a boost to their price target and moved to $55.00 from $52.00 on 2023-10-16. On 2023-08-24 Canaccord Genuity Group increased their price target by 15.56% to $52.00. On 2023-05-10 Barclays lowered their price target by -18.97% to $47.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
RPD	6.92	8.26	0	6.02	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
RPD	0.00	0.00

Short interest for Rapid7

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
RPD	5.42	%6.55938	4.2	1.122	3750000

How Rapid7 compares to the broader Technology sector and the more specific Application Software industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Application Software Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	111	0.68	-1.07	7.23	12.26	17.10	33.66	72.69	62.67	24.54	23.86	-4991.54	-21300.05	21.62	0.00	4.49	7.32
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	290	0.52	-0.61	3.36	7.25	8.96	27.26	60.67	29.61	15.28	17.30	-11476.67	-16920.96	15.43	1.98	4.57	6.23

Social Sentiment for Rapid7

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
RPD

Companies with the highest correlation to Rapid7

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
TENB \| Tenable Holdings, Inc.	1.61	0.07	-2.20	-0.24	-0.54	-5.36	3.53	65	-7.35	-9.25	-10.12	-5640.94	-4405.61	0	3.5181
VRNS \| Varonis Systems, Inc.	1.59	0.87	-4.33	-11.26	-11.73	12.17	26.54	48	5.74	24.38	41.67	-1995.27	-29917.02	0	5.39701
PD \| PagerDuty, Inc.	1.34	0.80	-3.88	5.13	-3.19	-3.83	-11.38	65	-6.01	-7.89	-28.72	170.07	-3200.33	100	12.2696
NOW \| SERVICENOW, INC.	1.32	0.09	-1.62	6.94	25.66	34.93	53.05	87	122.77	56.86	48.33	0.00	-42709.73	0	1.73847
BL \| BlackLine, Inc. Common St	1.3	1.44	-3.35	2.29	18.82	15.63	4.50	82	14.56	9.61	9.87	-1007.98	-8146.70	0	3.83131
PAYC \| PAYCOM SOFTWARE, INC.	1.26	1.32	-2.18	33.05	34.80	25.99	23.39	83	20.02	10.90	7.19	-11312.18	-13013.58	100	1.70052
DT \| Dynatrace, Inc.	1.22	-0.95	-5.16	-5.62	2.73	7.33	-2.24	38	51.18	9.70	10.74	-2372.15	-355.00	0	2.49902

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