Revolution Bars Group Plc Stock Forecast
Red day on Friday for Revolution Bars Group Plc
(Updated on Apr 26, 2024)
No changes to the price of Revolution Bars Group Plc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 1.33% from a day low at £1.43 to a day high of £1.45. The price has fallen in 5 of the last 10 days and is down by -10.49% for this period.
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 £1.53 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 -53.81% during the next 3 months and, with a 90% probability hold a price between £0.301 and £0.708 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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RBG.L Signals & Forecast
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 Revolution Bars Group 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 £1.52 and £1.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -21.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Revolution Bars Group Plc stock
Revolution Bars Group Plc finds support from accumulated volume at £1.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0190 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 8.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBG.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Revolution Bars Group Plc to open at £1.44, and during the day (based on 14 day Average True Range), to move between £1.24 and £1.66, which gives a possible trading interval of +/-£0.209 (+/-14.41%) up or down from last closing price. If Revolution Bars Group Plc takes out the full calculated possible swing range there will be an estimated 28.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1.40 (3.45%) than the resistance at £1.55 (6.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Revolution Bars Group Plc stock A Buy?
Revolution Bars Group Plc holds several negative signals and is within a very 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: -6.282 Strong Sell Candidate Unchanged
Predicted Opening Price for Revolution Bars Group Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £1.44 ( 0.437%) | £1.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.46 | 0.87 % | |
| R2 | 1.46 | 0.373 % | ||
| R1 | 1.45 | 0.0638 % | ||
| Current price: | 1.45 | |||
| Support | S1 | 1.44 | -0.94 % | |
| S2 | 1.43 | -1.25 % | ||
| S3 | 1.42 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.62 | 11.72 % | |
| R2 | 1.60 | 10.34 % | ||
| R1 | 1.55 | 6.90 % | ||
| Current price | 1.45 | |||
| Support | S1 | 1.40 | -3.45% | |
| S2 | 1.20 | -17.24% | ||
| S3 | 0 | . |
RBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 02, 2018 | Nov 08, 2018 | Dec 07, 2018 | £2.87 | 3.60% |
| 2 | Mar 02, 2018 | Mar 22, 2018 | Apr 12, 2018 | £1.44 | 1.22% |
| 3 | Oct 03, 2017 | Nov 09, 2017 | Dec 08, 2017 | £2.87 | 2.24% |
| 4 | Feb 28, 2017 | Mar 16, 2017 | Apr 06, 2017 | £1.44 | 0.81% |
| 5 | Oct 04, 2016 | Nov 10, 2016 | Dec 09, 2016 | £2.87 | 1.75% |
FAQ
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