Ryman Hospitality Properties Inc Stock Forecast
Ryman Hospitality Properties Inc stock price ended at $104.43 on Friday, after losing 0.372%.
(Updated on May 03, 2024)
The Ryman Hospitality Properties Inc stock price fell by -0.372% on the last day (Friday, 3rd May 2024) from $104.82 to $104.43. During the last trading day the stock fluctuated 3.18% from a day low at $103.29 to a day high of $106.57. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 833 thousand shares were bought and sold for approximately $87.00 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $102.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.20% during the next 3 months and, with a 90% probability hold a price between $93.14 and $102.80 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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RHP Signals & Forecast
There are mixed signals in the stock today. The Ryman Hospitality Properties Inc 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 $105.92 and $111.49. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Ryman Hospitality Properties Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.28 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RHP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ryman Hospitality Properties Inc to open at $104.76, and during the day (based on 14 day Average True Range), to move between $101.86 and $107.00, which gives a possible trading interval of +/-$2.57 (+/-2.46%) up or down from last closing price. If Ryman Hospitality Properties Inc takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $104.82, some $0.390 (0.37%) from the current price of $104.43, our system finds the risk reward not very attractive.
Is Ryman Hospitality Properties Inc stock A Buy?
Ryman Hospitality Properties Inc 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.
Current score: -2.309 Sell Candidate Unchanged
Predicted Opening Price for Ryman Hospitality Properties Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $104.76 ( 0.319%) | $104.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.04 | 3.46 % | |
| R2 | 106.79 | 2.26 % | ||
| R1 | 106.02 | 1.52 % | ||
| Current price: | 104.43 | |||
| Support | S1 | 103.51 | -0.88 % | |
| S2 | 102.74 | -1.62 % | ||
| S3 | 101.48 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.25 | 14.19 % | |
| R2 | 116.24 | 11.31 % | ||
| R1 | 104.82 | 0.373 % | ||
| Current price | 104.43 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RHP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.10 | 1.01% |
| 2 | Dec 08, 2023 | Dec 28, 2023 | Jan 16, 2024 | $1.10 | 0.97% |
| 3 | Sep 18, 2023 | Sep 28, 2023 | Oct 16, 2023 | $1.00 | 1.16% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 17, 2023 | $1.00 | 1.07% |
| 5 | Feb 23, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.750 | 0.81% |
FAQ
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