Regional Management Corp Stock Forecast
Regional Management Corp stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Regional Management Corp stock price gained 1.33% on the last trading day (Friday, 19th Apr 2024), rising from $24.87 to $25.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.48% from a day low at $24.59 to a day high of $25.20. The price has risen in 6 of the last 10 days and is up by 2.19% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 13 thousand shares were bought and sold for approximately $337.05 thousand. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Regional Management Corp stock with a 90% probability to be traded between $21.30 and $25.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RM Signals & Forecast
The Regional Management Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.97 and $24.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, April 11, 2024, and so far it has fallen -0.787%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Regional Management Corp stock
Regional Management Corp finds support from accumulated volume at $24.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.610 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: $24.33 (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (RM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Regional Management Corp to open at $25.00, and during the day (based on 14 day Average True Range), to move between $24.40 and $26.00, which gives a possible trading interval of +/-$0.798 (+/-3.17%) up or down from last closing price. If Regional Management Corp takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.21 (0.04%) than the support at $24.86 (1.35%), 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 Regional Management Corp stock A Buy?
Regional Management Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.416 Hold/Accumulate Upgraded
Predicted Opening Price for Regional Management Corp of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$25.00 ( 0.81%) | $25.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.61 | 1.61 % | |
R2 | 25.37 | 0.689 % | ||
R1 | 25.23 | 0.118 % | ||
Current price: | 25.20 | |||
Support | S1 | 24.76 | -1.73 % | |
S2 | 24.62 | -2.30 % | ||
S3 | 24.39 | -3.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.42 | 4.84 % | |
R2 | 25.40 | 0.794 % | ||
R1 | 25.21 | 0.0397 % | ||
Current price | 25.20 | |||
Support | S1 | 24.86 | -1.35% | |
S2 | 23.97 | -4.88% | ||
S3 | 23.05 | -8.53% |
RM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Feb 21, 2024 | Mar 13, 2024 | $0.300 | 1.26% |
2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | $0 | 0% |
3 | Aug 02, 2023 | Aug 22, 2023 | Sep 14, 2023 | $0.300 | 1.08% |
4 | May 03, 2023 | May 23, 2023 | Jun 14, 2023 | $0.300 | 0.98% |
5 | Feb 08, 2023 | Feb 21, 2023 | Mar 15, 2023 | $0.300 | 1.14% |
FAQ
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