Regal Real Estate Investment Trust Stock Forecast

Regal Real Estate Investment Trust stock price ended at HK$0.670 on Monday, after losing 0%.
(Updated on May 20, 2024)

1881.HK Signals & Forecast

The Regal Real Estate Investment Trust 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 HK$0.679. On a fall, the stock will find some support from the long-term average at approximately HK$0.516. 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 Monday, May 13, 2024, and so far it has fallen -2.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Regal Real Estate Investment Trust stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.590 and HK$0.550. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Regal Real Estate Investment Trust finds support just below today's level at HK$0.590. If this is broken, then the next support from accumulated volume will be at HK$0.550 and HK$0.520.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0100 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 5.21%.

The Regal Real Estate Investment Trust stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: HK$0.643 (-4.09%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (1881.HK) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Regal Real Estate Investment Trust to open at HK$0.667, and during the day (based on 14 day Average True Range), to move between HK$0.634 and HK$0.706, which gives a possible trading interval of +/-HK$0.0362 (+/-5.41%) up or down from last closing price. If Regal Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 10.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.680 (1.49%) than the support at HK$0.590 (11.94%), 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 Regal Real Estate Investment Trust stock A Buy?

Regal Real Estate Investment Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.361 Hold/Accumulate Unchanged

Predicted Opening Price for Regal Real Estate Investment Trust of Tuesday, May 21, 2024

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