Robinson plc Stock Forecast
Weaker technical forecast for Robinson plc as stock downgraded to Strong Sell Candidate.
(Updated on Jul 02, 2024)
No changes to the price of Robinson plc stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at £110.00 to a day high of £110.00. 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 strong 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 14.11% during the next 3 months and, with a 90% probability hold a price between £122.84 and £133.44 at the end of this 3-month period.
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RBN.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Robinson 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 £110.00 and £110.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Robinson plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £100.00 and £97.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Robinson plc finds support just below today's level at £100.00. If this is broken, then the next support from accumulated volume will be at £97.50 and £96.00.
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 (0%) between high and low. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBN.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Robinson plc to open at £110.00, and during the day (based on 14 day Average True Range), to move between £107.36 and £112.64, which gives a possible trading interval of +/-£2.64 (+/-2.40%) up or down from last closing price. If Robinson plc takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £110.00 (0.00%) than the support at £100.00 (9.09%), 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 Robinson plc stock A Buy?
The Robinson plc stock holds several negative signals and despite the positive trend, we believe Robinson plc will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.
Current score: -5.002 Strong Sell Candidate Downgraded
Predicted Opening Price for Robinson plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £110.00 ( 0.00000000%) | £110.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 110.00 | 0.00000000% |
| R2 | 110.00 | 0.00000000% |
| R1 | 110.00 | 0.00000000% |
| Price | 110.00 | |
| S1 | 110.00 | 0.00000000% |
| S2 | 110.00 | 0.00000000% |
| S3 | 110.00 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.50 | 2.27% |
| R2 | 111.78 | 1.62% |
| R1 | 110.00 | 0.00009091% |
| Price | 110.00 | |
| S1 | 100.00 | -9.09% |
| S2 | 97.50 | -11.36% |
| S3 | 96.00 | -12.73% |
RBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 21, 2024 | £3.00 | 2.73% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £2.50 | 2.70% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £3.00 | 3.24% |
| 4 | Sep 08, 2022 | Sep 22, 2022 | Oct 14, 2022 | £2.50 | 3.13% |
| 5 | Mar 24, 2022 | Jun 30, 2022 | Jul 15, 2022 | £3.00 | 3.53% |
FAQ
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