Restaurant Brands International Inc Stock Forecast
Restaurant Brands International Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
The Restaurant Brands International Inc stock price gained 3.54% on the last trading day (Tuesday, 30th Apr 2024), rising from $100.87 to $104.44. During the last trading day the stock fluctuated 4.55% from a day low at $101.49 to a day high of $106.11. The price has been going up and down for this period, and there has been a 6.75% gain for the last 2 weeks. Volume fell on the last day by -298 thousand shares and in total, 719 thousand shares were bought and sold for approximately $75.04 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 -4.25% during the next 3 months and, with a 90% probability hold a price between $92.27 and $104.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QSR.TO Signals & Forecast
The Restaurant Brands International Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $101.27 and $103.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.43%. 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.
Support, Risk & Stop-loss for Restaurant Brands International Inc stock
Restaurant Brands International Inc finds support from accumulated volume at $101.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.62 (4.55%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $100.51 (-3.76%) (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 (QSR.TO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Restaurant Brands International Inc to open at $104.01, and during the day (based on 14 day Average True Range), to move between $102.49 and $106.39, which gives a possible trading interval of +/-$1.95 (+/-1.87%) up or down from last closing price. If Restaurant Brands International Inc takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $105.38 (0.90%) than the support at $101.46 (2.85%), 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 Restaurant Brands International Inc stock A Buy?
Restaurant Brands International Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Restaurant Brands International Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $104.01 ( 0.409%) | $104.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.63 | 4.02 % | |
| R2 | 106.87 | 2.33 % | ||
| R1 | 105.78 | 1.28 % | ||
| Current price: | 104.44 | |||
| Support | S1 | 102.25 | -2.10 % | |
| S2 | 101.16 | -3.14 % | ||
| S3 | 99.39 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.46 | 5.76 % | |
| R2 | 106.95 | 2.40 % | ||
| R1 | 105.38 | 0.90 % | ||
| Current price | 104.44 | |||
| Support | S1 | 101.46 | -2.85% | |
| S2 | 100.87 | -3.42% | ||
| S3 | 98.18 | -5.99% |
QSR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Mar 20, 2024 | Apr 04, 2024 | $0.779 | 0.771% |
| 2 | Nov 03, 2023 | Dec 20, 2023 | Jan 04, 2024 | $0.763 | 0.749% |
| 3 | Aug 08, 2023 | Sep 19, 2023 | Oct 04, 2023 | $0.729 | 0.83% |
| 4 | Jun 21, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.745 | 0.737% |
| 5 | Mar 21, 2023 | Mar 21, 2023 | Apr 05, 2023 | $0.732 | 0.82% |
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