RA International Group Plc Stock Forecast
Stronger technical forecast for RA International Group Plc stock price after Friday trading.
(Updated on May 17, 2024)
The RA International Group Plc stock price gained 1.55% on the last trading day (Friday, 17th May 2024), rising from £7.75 to £7.87. During the last trading day the stock fluctuated 4.93% from a day low at £7.50 to a day high of £7.87. The price has risen in 4 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately £56.40 thousand.
The stock lies the upper part of a very wide and falling 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 £7.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.05% during the next 3 months and, with a 90% probability hold a price between £4.85 and £6.06 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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RAI.L Signals & Forecast
The RA International Group Plc 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 £7.86 and £7.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 4.93%. 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). RA International Group Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for RA International Group Plc stock
RA International Group Plc finds support from accumulated volume at £7.75 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 £0.370 (4.93%) between high and low. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: £7.46 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (RAI.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect RA International Group Plc to open at £7.75, and during the day (based on 14 day Average True Range), to move between £7.56 and £8.18, which gives a possible trading interval of +/-£0.308 (+/-3.92%) up or down from last closing price. If RA International Group Plc takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £7.75 (1.52%) than the resistance at £8.00 (1.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RA International Group Plc stock A Buy?
RA International Group Plc 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 RA International Group Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £7.75 ( 1.57%) | £7.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.12 | 3.13 % | |
| R2 | 7.98 | 1.34 % | ||
| R1 | 7.89 | 0.229 % | ||
| Current price: | 7.87 | |||
| Support | S1 | 7.61 | -3.36 % | |
| S2 | 7.52 | -4.47 % | ||
| S3 | 7.38 | -6.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.75 | 23.89 % | |
| R2 | 8.50 | 8.01 % | ||
| R1 | 8.00 | 1.65 % | ||
| Current price | 7.87 | |||
| Support | S1 | 7.75 | -1.52% | |
| S2 | 7.67 | -2.60% | ||
| S3 | 7.50 | -4.70% |
RAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2021 | May 27, 2021 | Jul 08, 2021 | £1.35 | 2.50% |
| 2 | Apr 17, 2020 | May 28, 2020 | Jul 09, 2020 | £1.25 | 2.78% |
| 3 | Apr 10, 2019 | May 23, 2019 | Jul 03, 2019 | £1.00 | 1.87% |
FAQ
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