Restaurant Brands International Inc Stock Forecast
Evaluation of Restaurant Brands International Inc stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Restaurant Brands International Inc stock price fell by -2.25% on the last day (Tuesday, 2nd Jul 2024) from $70.29 to $68.71. During the last trading day the stock fluctuated 2.72% from a day low at $68.44 to a day high of $70.30. The price has been going up and down for this period, and there has been a -0.85% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -197 thousand shares and in total, 1 million shares were bought and sold for approximately $81.28 million.
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 -7.76% during the next 3 months and, with a 90% probability hold a price between $59.08 and $66.35 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 Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.65%. 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. The Restaurant Brands International Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $69.68 and $69.33. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Restaurant Brands International Inc stock
Restaurant Brands International Inc finds support from accumulated volume at $68.58 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 $1.86 between high and low, or 2.72%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Restaurant Brands International Inc to open at $69.15, and during the day (based on 14 day Average True Range), to move between $67.36 and $70.06, which gives a possible trading interval of +/-$1.35 (+/-1.97%) 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 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $68.58 (0.19%) than the resistance at $68.90 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Restaurant Brands International Inc stock A Buy?
Restaurant Brands International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.494 Sell Candidate Downgraded
Predicted Opening Price for Restaurant Brands International Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $69.15 ( 0.640%) | $68.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.01 | 3.35% |
| R2 | 70.30 | 2.31% |
| R1 | 69.86 | 1.67% |
| Price | 68.71 | |
| S1 | 68.44 | -0.394% |
| S2 | 68.00 | -1.03% |
| S3 | 67.29 | -2.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.85 | 10.39% |
| R2 | 73.24 | 6.59% |
| R1 | 68.90 | 0.277% |
| Price | 68.71 | |
| S1 | 68.58 | -0.189% |
| S2 | 68.30 | -0.597% |
| S3 | 67.22 | -2.17% |
QSR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Jun 21, 2024 | Jul 05, 2024 | $0.580 | 0.84% |
| 2 | Apr 30, 2024 | Jun 20, 2024 | Jul 05, 2024 | $0.580 | 0.84% |
| 3 | Mar 20, 2024 | Mar 20, 2024 | Apr 04, 2024 | $0.580 | 0.778% |
| 4 | Nov 03, 2023 | Dec 20, 2023 | Jan 04, 2024 | $0.550 | 0.721% |
| 5 | Aug 08, 2023 | Sep 19, 2023 | Oct 04, 2023 | $0.550 | 0.86% |
FAQ
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