REA Group Limited Stock Forecast
REA Group Limited stock price up 0.153% on Friday
(Updated on Jun 28, 2024)
The REA Group Limited stock price gained 0.153% on the last trading day (Friday, 28th Jun 2024), rising from $196.36 to $196.66. During the last trading day the stock fluctuated 1.34% from a day low at $196.02 to a day high of $198.64. The price has been going up and down for this period, and there has been a 2.38% gain for the last 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 148 thousand shares were bought and sold for approximately $29.02 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 lies in the middle of a 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 9.60% during the next 3 months and, with a 90% probability hold a price between $206.14 and $218.59 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
REA.AX Signals & Forecast
The REA Group Limited 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 $196.28 and $189.50. 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). 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. 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, June 25, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for REA Group Limited stock
REA Group Limited finds support from accumulated volume at $188.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.62 (1.34%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: $190.33 (-3.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (REA.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect REA Group Limited to open at $197.11, and during the day (based on 14 day Average True Range), to move between $193.04 and $200.28, which gives a possible trading interval of +/-$3.62 (+/-1.84%) up or down from last closing price. If REA Group Limited takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $197.29 (0.32%) than the support at $188.41 (4.20%), 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 REA Group Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for REA Group Limited stock to perform well in the short-term.
Current score: 3.627 Buy Candidate Unchanged
Predicted Opening Price for REA Group Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $197.11 ( 0.227%) | $196.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 199.73 | 1.56% |
| R2 | 198.73 | 1.05% |
| R1 | 198.11 | 0.736% |
| Price | 196.66 | |
| S1 | 196.11 | -0.282% |
| S2 | 195.49 | -0.596% |
| S3 | 194.49 | -1.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 198.59 | 0.98% |
| R2 | 198.29 | 0.83% |
| R1 | 197.29 | 0.320% |
| Price | 196.66 | |
| S1 | 188.41 | -4.20% |
| S2 | 186.71 | -5.06% |
| S3 | 184.27 | -6.30% |
REA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 04, 2024 | Mar 19, 2024 | $0.87 | 0.483% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Sep 21, 2023 | $0.83 | 0.524% |
| 3 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | $0.750 | 0.625% |
| 4 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | $0.89 | 0.692% |
| 5 | Mar 07, 2022 | Mar 07, 2022 | Mar 07, 2022 | $0.750 | 0.586% |
FAQ
Click here for our free guide on how to buy REA Group Limited Stock.
