T. Rowe Price Group Stock Forecast

Evaluation of T. Rowe Price Group stock downgraded after the last trading session.
(Updated on May 28, 2024)

TROW Signals & Forecast

The T. Rowe Price Group 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 $117.23. On a fall, the stock will find some support from the long-term average at approximately $113.51. 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. 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 Friday, May 24, 2024, and so far it has fallen -1.58%. 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. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for T. Rowe Price Group stock

T. Rowe Price Group finds support from accumulated volume at $114.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.34 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TROW) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect T. Rowe Price Group to open at $116.80, and during the day (based on 14 day Average True Range), to move between $114.32 and $118.34, which gives a possible trading interval of +/-$2.01 (+/-1.73%) up or down from last closing price. If T. Rowe Price Group takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $116.55 (0.19%) than the support at $114.86 (1.26%), 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 T. Rowe Price Group stock A Buy?

T. Rowe Price Group holds several negative signals and we believe that 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 Buy to a Sell candidate.

Current score: -2.213 Sell Candidate Downgraded

Predicted Opening Price for T. Rowe Price Group of Wednesday, May 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.