NewRiver REIT Plc Stock Forecast
Green day on Wednesday for NewRiver REIT Plc stock after gaining 0.403%
(Updated on May 01, 2024)
The NewRiver REIT Plc stock price gained 0.403% on the last trading day (Wednesday, 1st May 2024), rising from £74.50 to £74.80. During the last trading day the stock fluctuated 2.73% from a day low at £73.20 to a day high of £75.20. The price has risen in 6 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume fell on the last day by -365 thousand shares and in total, 182 thousand shares were bought and sold for approximately £13.63 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between £69.69 and £77.96 at the end of this 3-month period.
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NRR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.89%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NewRiver REIT Plc 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 £74.94 and £75.24. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for NewRiver REIT Plc stock
NewRiver REIT Plc finds support from accumulated volume at £74.30 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 £2.00 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NRR.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect NewRiver REIT Plc to open at £74.40, and during the day (based on 14 day Average True Range), to move between £72.46 and £77.14, which gives a possible trading interval of +/-£2.34 (+/-3.13%) up or down from last closing price. If NewRiver REIT Plc takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £74.30 (0.67%) than the resistance at £75.50 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NewRiver REIT Plc stock A Buy?
NewRiver REIT Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.812 Sell Candidate Unchanged
Predicted Opening Price for NewRiver REIT Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £74.40 ( 0.535%) | £74.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.40 | 2.14 % | |
| R2 | 75.64 | 1.12 % | ||
| R1 | 75.16 | 0.487 % | ||
| Current price: | 74.80 | |||
| Support | S1 | 73.64 | -1.56 % | |
| S2 | 73.16 | -2.19 % | ||
| S3 | 72.40 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.00 | 1.60 % | |
| R2 | 75.60 | 1.07 % | ||
| R1 | 75.50 | 0.94 % | ||
| Current price | 74.80 | |||
| Support | S1 | 74.30 | -0.668% | |
| S2 | 72.50 | -3.07% | ||
| S3 | 72.30 | -3.34% |
NRR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0 | 0% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £3.20 | 3.62% |
| 3 | Nov 24, 2022 | Dec 08, 2022 | Jan 17, 2023 | £3.50 | 4.01% |
| 4 | Jun 07, 2022 | Jul 28, 2022 | Sep 02, 2022 | £3.30 | 4.07% |
| 5 | Nov 25, 2021 | Dec 09, 2021 | Jan 14, 2022 | £4.10 | 4.10% |
FAQ
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