Ready Capital Corporation Stock Forecast
Green day on Thursday for Ready Capital Corporation
(Updated on Jun 27, 2024)
The Ready Capital Corporation stock price gained 0.80% on the last trading day (Thursday, 27th Jun 2024), rising from $18.80 to $18.95. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.07% from a day low at $18.75 to a day high of $18.95. The price has risen in 6 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 13 thousand shares were bought and sold for approximately $245.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $19.02 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ready Capital Corporation stock with a 90% probability to be traded between $18.56 and $19.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RC-PE Signals & Forecast
The Ready Capital Corporation 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 $18.72 and $18.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.32%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Thursday, May 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Ready Capital Corporation stock
Ready Capital Corporation finds support from accumulated volume at $18.74 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 $0.200 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 0.776%
Our recommended stop-loss: $17.97 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (RC-PE) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ready Capital Corporation to open at $18.88, and during the day (based on 14 day Average True Range), to move between $18.75 and $19.15, which gives a possible trading interval of +/-$0.198 (+/-1.05%) up or down from last closing price. If Ready Capital Corporation takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.74, some $0.210 (1.11%) from the current price of $18.95, our system finds the risk reward attractive.
Is Ready Capital Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ready Capital Corporation stock to perform well in the short-term period.
Current score: 4.157 Buy Candidate Unchanged
Predicted Opening Price for Ready Capital Corporation of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$18.88 ( 0.352%) | $18.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RC-PE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.08 | 0.703% |
R2 | 19.01 | 0.300% |
R1 | 18.96 | 0.0513% |
Price | 18.95 | |
S1 | 18.81 | -0.755% |
S2 | 18.76 | -1.00% |
S3 | 18.68 | -1.41% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 18.95 | |
S1 | 18.74 | -1.11% |
S2 | 18.45 | -2.64% |
S3 | 18.41 | -2.85% |
RC-PE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 31, 2024 | $0.406 | 2.14% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.406 | 2.21% |
3 | Dec 28, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.406 | 2.12% |
4 | Sep 28, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.406 | 2.34% |
5 | Jun 29, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.406 | 2.12% |
FAQ
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