B. Riley Financial Stock Forecast
A very strong day for B. Riley Financial stock price on Wednesday
(Updated on Mar 27, 2024)
The B. Riley Financial stock price gained 6.87% on the last trading day (Wednesday, 27th Mar 2024), rising from $17.75 to $18.97. During the last trading day the stock fluctuated 7.23% from a day low at $17.85 to a day high of $19.14. The price has been going up and down for this period, and there has been a -1.71% loss for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 609 thousand shares were bought and sold for approximately $11.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.02% during the next 3 months and, with a 90% probability hold a price between $11.52 and $19.33 at the end of this 3-month period.
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RILY Signals & Forecast
The B. Riley Financial stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $19.24. On a fall, the stock will find some support from the long-term average at approximately $18.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -9.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for B. Riley Financial stock
On the downside, the stock finds support just below today's level from accumulated volume at $17.16 and $16.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, B. Riley Financial finds support just below today's level at $17.16. If this is broken, then the next support from accumulated volume will be at $16.85 and $16.55.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.29 between high and low, or 7.23%. For the last week, the stock has had daily average volatility of 8.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect B. Riley Financial to open at $18.65, and during the day (based on 14 day Average True Range), to move between $16.83 and $21.11, which gives a possible trading interval of +/-$2.14 (+/-11.26%) up or down from last closing price. If B. Riley Financial takes out the full calculated possible swing range there will be an estimated 22.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.68 (3.74%) than the support at $17.16 (9.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is B. Riley Financial stock A Buy?
B. Riley Financial holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.627 Sell Candidate Unchanged
Predicted Opening Price for B. Riley Financial of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$18.65 ( 1.67%) | $18.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.94 | 5.13 % | |
R2 | 19.45 | 2.53 % | ||
R1 | 19.15 | 0.93 % | ||
Current price: | 18.97 | |||
Support | S1 | 18.16 | -4.27 % | |
S2 | 17.86 | -5.87 % | ||
S3 | 17.36 | -8.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.63 | 24.57 % | |
R2 | 20.85 | 9.91 % | ||
R1 | 19.68 | 3.74 % | ||
Current price | 18.97 | |||
Support | S1 | 17.16 | -9.54% | |
S2 | 16.85 | -11.20% | ||
S3 | 16.55 | -12.76% |
RILY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.500 | 2.57% |
2 | Nov 17, 2023 | Nov 17, 2023 | Nov 30, 2023 | $1.00 | 5.43% |
3 | Aug 05, 2023 | Aug 10, 2023 | Aug 21, 2023 | $1.00 | 2.13% |
4 | Aug 05, 2023 | May 15, 2023 | May 23, 2023 | $1.00 | 2.68% |
5 | May 27, 2023 | Mar 09, 2023 | Mar 23, 2023 | $1.00 | 3.48% |
FAQ
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