Revolution Bars Group Plc Stock Forecast
Revolution Bars Group Plc stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on May 09, 2024)
No changes to the price of Revolution Bars Group Plc stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £1.50 to a day high of £1.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very 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 -51.03% during the next 3 months and, with a 90% probability hold a price between £0.150 and £0.93 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
There are mixed signals in the stock today. 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 £1.55 and £1.66. A break-up above any of these levels will issue buy signals. 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". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Revolution Bars Group Plc stock
Revolution Bars Group Plc finds support from accumulated volume at £1.45 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 16.00%
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Revolution Bars Group Plc to open at £1.50, and during the day (based on 14 day Average True Range), to move between £1.30 and £1.70, which gives a possible trading interval of +/-£0.204 (+/-13.63%) 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 27.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1.55 (3.33%) than the support at £1.45 (3.33%), 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 Revolution Bars Group Plc stock A Buy?
Revolution Bars Group Plc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.026 Sell Candidate Upgraded
Predicted Opening Price for Revolution Bars Group Plc of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £1.50 ( 0%) | £1.50 |
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 | 1.50 | . | |
| R2 | 1.50 | . | ||
| R1 | 1.50 | . | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.50 | . | |
| S2 | 1.50 | . | ||
| S3 | 1.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.85 | 23.33 % | |
| R2 | 1.65 | 10.00 % | ||
| R1 | 1.55 | 3.33 % | ||
| Current price | 1.50 | |||
| Support | S1 | 1.45 | -3.33% | |
| S2 | 1.40 | -6.67% | ||
| S3 | 1.20 | -20.00% |
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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