T. Rowe Price Group Stock Forecast

T. Rowe Price Group stock price up 0.612% on Friday
(Updated on May 17, 2024)

TROW Signals & Forecast

Mostly positive signals in the chart today. The T. Rowe Price Group 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 $113.97 and $113.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.40%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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.

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 $1.25 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.39%.

Since the T. Rowe Price Group has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $110.98 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (TROW) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect T. Rowe Price Group to open at $116.48, and during the day (based on 14 day Average True Range), to move between $114.60 and $118.92, which gives a possible trading interval of +/-$2.16 (+/-1.85%) 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 3.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $117.60 (0.72%) than the support at $114.86 (1.63%), 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?

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 T. Rowe Price Group stock to perform well in the short-term period.

Current score: 2.008 Buy Candidate Unchanged

Predicted Opening Price for T. Rowe Price Group of Monday, May 20, 2024

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