Regency Centers Corporation Stock Forecast
Regency Centers Corporation stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Regency Centers Corporation stock price fell by -1.70% on the last day (Friday, 3rd May 2024) from $60.02 to $59.00. During the last trading day the stock fluctuated 4.63% from a day low at $58.37 to a day high of $61.07. The price has been going up and down for this period, and there has been a 1.08% gain for the last 2 weeks. Volume has increased on the last day by 737 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $123.20 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $59.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.33% during the next 3 months and, with a 90% probability hold a price between $53.28 and $56.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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REG Signals & Forecast
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. The Regency Centers Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $59.10 and $59.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Regency Centers Corporation stock
Regency Centers Corporation finds support from accumulated volume at $58.49 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.71 between high and low, or 4.63%. For the last week the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Regency Centers Corporation to open at $59.48, and during the day (based on 14 day Average True Range), to move between $57.82 and $60.18, which gives a possible trading interval of +/-$1.18 (+/-1.99%) up or down from last closing price. If Regency Centers Corporation takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.49 (0.86%) than the resistance at $60.42 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regency Centers Corporation stock A Buy?
Regency Centers Corporation holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.703 Strong Sell Candidate Downgraded
Predicted Opening Price for Regency Centers Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $59.48 ( 0.81%) | $59.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.18 | 5.40 % | |
| R2 | 61.15 | 3.64 % | ||
| R1 | 60.51 | 2.56 % | ||
| Current price: | 59.00 | |||
| Support | S1 | 58.45 | -0.94 % | |
| S2 | 57.81 | -2.02 % | ||
| S3 | 56.77 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.95 | 5.00 % | |
| R2 | 61.32 | 3.93 % | ||
| R1 | 60.42 | 2.41 % | ||
| Current price | 59.00 | |||
| Support | S1 | 58.49 | -0.86% | |
| S2 | 58.35 | -1.10% | ||
| S3 | 57.92 | -1.83% |
REG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.670 | 1.13% |
| 2 | Feb 07, 2024 | Mar 12, 2024 | Apr 03, 2024 | $0.670 | 1.12% |
| 3 | Nov 02, 2023 | Dec 13, 2023 | Jan 03, 2024 | $0.670 | 1.02% |
| 4 | Aug 01, 2023 | Sep 13, 2023 | Oct 04, 2023 | $0.650 | 1.13% |
| 5 | Aug 07, 2023 | Jun 13, 2023 | Jul 06, 2023 | $0.650 | 1.05% |
FAQ
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