Reckitt Benckiser Group Plc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Reckitt Benckiser Group Plc. stock after losing 0%
(Updated on Jul 03, 2024)
No changes to the price of Reckitt Benckiser Group Plc. stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $56.90 to a day high of $56.90. The price has been going up and down for this period, and there has been a 0.71% gain for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.60% during the next 3 months and, with a 90% probability hold a price between $57.77 and $66.74 at the end of this 3-month period.
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RBGPF Signals & Forecast
The Reckitt Benckiser 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 $56.90 and $56.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen 0%. 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 0.250% to $57.04 within 3 trading days (Tuesday, June 04, 2024) since signal was issued.
Support, Risk & Stop-loss for Reckitt Benckiser Group Plc. stock
Reckitt Benckiser Group Plc. finds support from accumulated volume at $55.56 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 0%
Our recommended stop-loss: $54.62 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RBGPF) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Reckitt Benckiser Group Plc. to open at $56.90, and during the day (based on 14 day Average True Range), to move between $56.39 and $57.41, which gives a possible trading interval of +/-$0.514 (+/-0.90%) up or down from last closing price. If Reckitt Benckiser Group Plc. takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.60 (1.23%) than the support at $55.56 (2.36%), 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 Reckitt Benckiser Group Plc. stock A Buy?
Reckitt Benckiser 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Reckitt Benckiser Group Plc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $56.90 ( 0%) | $56.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBGPF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.90 | - |
| R2 | 56.90 | - |
| R1 | 56.90 | - |
| Price | 56.90 | |
| S1 | 56.90 | - |
| S2 | 56.90 | - |
| S3 | 56.90 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.70 | 4.92% |
| R2 | 57.63 | 1.28% |
| R1 | 57.60 | 1.23% |
| Price | 56.90 | |
| S1 | 55.56 | -2.36% |
| S2 | 52.00 | -8.61% |
| S3 | 51.62 | -9.28% |
RBGPF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 24, 2024 | $1.47 | 2.66% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | $0.97 | 1.34% |
| 3 | Apr 06, 2023 | Apr 06, 2023 | May 24, 2018 | $1.38 | 1.69% |
| 4 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | $0.89 | 1.09% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $1.27 | 1.66% |
FAQ
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