Reynolds Consumer Products Inc Stock Forecast
Reynolds Consumer Products Inc stock price down 0.594% on Friday
(Updated on May 03, 2024)
The Reynolds Consumer Products Inc stock price fell by -0.594% on the last day (Friday, 3rd May 2024) from $28.64 to $28.47. During the last trading day the stock fluctuated 1.62% from a day low at $28.34 to a day high of $28.80. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks. Volume has increased on the last day by 45 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, 433 thousand shares were bought and sold for approximately $12.32 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Reynolds Consumer Products Inc stock with a 90% probability to be traded between $27.42 and $28.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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.
Golden Star 12 Months
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.
Earnings coming up
Reynolds Consumer Products Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.220. We will update the financials statements for Reynolds Consumer Products Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.23% in the first trading day after earnings release.
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
Fair opening price May 6, 2024 | Current price |
---|---|
$28.54 ( 0.234%) | $28.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REYN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.00 | 1.85 % | |
R2 | 28.82 | 1.23 % | ||
R1 | 28.71 | 0.85 % | ||
Current price: | 28.47 | |||
Support | S1 | 28.36 | -0.383 % | |
S2 | 28.25 | -0.764 % | ||
S3 | 28.08 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.84 | 1.30 % | |
R2 | 28.60 | 0.457 % | ||
R1 | 28.51 | 0.140 % | ||
Current price | 28.47 | |||
Support | S1 | 28.38 | -0.316% | |
S2 | 28.26 | -0.738% | ||
S3 | 28.25 | -0.773% |
REYN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | May 16, 2024 | May 31, 2024 | $0.230 | 0.81% |
2 | Jan 25, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.230 | 0.780% |
3 | Oct 26, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.230 | 0.88% |
4 | Jul 27, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.230 | 0.84% |
5 | Apr 27, 2023 | May 16, 2023 | Aug 31, 2023 | $0.230 | 0.84% |
FAQ
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