Riverstone Holdings Limited Stock Forecast
Green day on Friday for Riverstone Holdings Limited
(Updated on May 17, 2024)
The Riverstone Holdings Limited stock price gained 0.541% on the last trading day (Friday, 17th May 2024), rising from S$0.93 to S$0.93. During the last trading day the stock fluctuated 3.83% from a day low at S$0.92 to a day high of S$0.95. The price has risen in 5 of the last 10 days and is up by 20% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 5 million shares were bought and sold for approximately S$4.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at S$0.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.30% during the next 3 months and, with a 90% probability hold a price between S$0.96 and S$1.13 at the end of this 3-month period.
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AP4.SI Signals & Forecast
The Riverstone Holdings Limited 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 S$0.89 and S$0.82. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Riverstone Holdings Limited stock
Riverstone Holdings Limited finds support from accumulated volume at S$0.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 S$0.0350 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 5.88%.
Our recommended stop-loss: S$0.90 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AP4.SI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Riverstone Holdings Limited to open at S$0.93, and during the day (based on 14 day Average True Range), to move between S$0.89 and S$0.97, which gives a possible trading interval of +/-S$0.0382 (+/-4.11%) up or down from last closing price. If Riverstone Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ S$0.89, some S$0.0400 (4.30%) from the current price of S$0.93, our system finds the risk reward attractive.
Is Riverstone Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Riverstone Holdings Limited stock to perform well in the short-term.
Current score: 3.857 Buy Candidate Unchanged
Predicted Opening Price for Riverstone Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| S$0.93 ( 0.179%) | S$0.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AP4.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 3.94 % | |
| R2 | 0.95 | 2.51 % | ||
| R1 | 0.95 | 1.62 % | ||
| Current price: | 0.93 | |||
| Support | S1 | 0.92 | -1.26 % | |
| S2 | 0.91 | -2.15 % | ||
| S3 | 0.90 | -3.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.93 | |||
| Support | S1 | 0.89 | -4.30% | |
| S2 | 0.82 | -11.83% | ||
| S3 | 0.81 | -12.90% |
AP4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Apr 30, 2024 | S$0 | 0% |
| 2 | Mar 15, 2024 | Mar 15, 2024 | Apr 05, 2024 | S$0.0355 | 4.44% |
| 3 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | S$0.0143 | 2.33% |
| 4 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | S$0.0146 | 2.47% |
| 5 | May 02, 2023 | May 02, 2023 | May 02, 2023 | S$0.0299 | 5.03% |
FAQ
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