Redcentric 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
Redcentric Plc stock upgraded to Buy Candidate.
(Updated on Apr 30, 2024)
The Redcentric Plc stock price gained 1.57% on the last trading day (Tuesday, 30th Apr 2024), rising from £143.00 to £145.25. During the last trading day the stock fluctuated 1.33% from a day low at £143.64 to a day high of £145.55. The price has risen in 7 of the last 10 days and is up by 11.73% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 22 thousand shares were bought and sold for approximately £3.26 million. 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 stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £134.49, a level that may pose a second chance to hit a runner.
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RCN.L Signals & Forecast
Mostly positive signals in the chart today. The Redcentric 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 £143.64 and £131.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 16.67%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Redcentric Plc stock
Redcentric Plc finds support from accumulated volume at £142.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £1.92 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: £138.98 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (RCN.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Redcentric Plc to open at £144.81, and during the day (based on 14 day Average True Range), to move between £141.30 and £149.20, which gives a possible trading interval of +/-£3.95 (+/-2.72%) up or down from last closing price. If Redcentric Plc takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £142.00, some £3.25 (2.24%) from the current price of £145.25, our system finds the risk reward attractive.
Is Redcentric Plc stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Redcentric Plc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.708 Buy Candidate Upgraded
Predicted Opening Price for Redcentric Plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £144.81 ( 0.302%) | £145.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.73 | 1.02 % | |
| R2 | 146.00 | 0.513 % | ||
| R1 | 145.54 | 0.202 % | ||
| Current price: | 145.25 | |||
| Support | S1 | 144.08 | -0.81 % | |
| S2 | 143.63 | -1.12 % | ||
| S3 | 142.90 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 145.25 | |||
| Support | S1 | 142.00 | -2.24% | |
| S2 | 131.75 | -9.29% | ||
| S3 | 125.00 | -13.94% |
RCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | £0 | 0% |
| 2 | Dec 08, 2022 | Dec 15, 2022 | Jan 27, 2023 | £1.20 | 0.88% |
| 3 | Jul 21, 2022 | Jul 28, 2022 | Sep 16, 2022 | £2.40 | 2.22% |
| 4 | Nov 18, 2021 | Nov 25, 2021 | Jan 06, 2022 | £1.20 | 0.98% |
| 5 | Nov 18, 2021 | Nov 24, 2021 | Jan 06, 2022 | £1.20 | 0.98% |
FAQ
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