Reynolds Consumer Products Inc Stock Forecast

Reynolds Consumer Products Inc stock price down 0.594% on Friday
(Updated on May 03, 2024)

REYN Signals & Forecast

The Reynolds Consumer Products Inc 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 $28.58. On a fall, the stock will find some support from the long-term average at approximately $28.43. 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. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. 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. 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 Wednesday, December 20, 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 Reynolds Consumer Products Inc stock

Reynolds Consumer Products Inc finds support from accumulated volume at $28.38 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 $0.460 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.07%.

Our recommended stop-loss: $27.22 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (REYN) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Reynolds Consumer Products Inc to open at $28.54, and during the day (based on 14 day Average True Range), to move between $28.11 and $28.83, which gives a possible trading interval of +/-$0.364 (+/-1.28%) up or down from last closing price. If Reynolds Consumer Products Inc takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.51 (0.14%) than the support at $28.38 (0.32%), 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 Reynolds Consumer Products Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Reynolds Consumer Products Inc stock to perform well in the short-term period.

Current score: 3.274 Buy Candidate Unchanged

Predicted Opening Price for Reynolds Consumer Products Inc of Monday, May 6, 2024

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