React 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
React Group Plc stock price up 0.263% on Friday
(Updated on May 24, 2024)
The React Group Plc stock price gained 0.263% on the last trading day (Friday, 24th May 2024), rising from £76.00 to £76.20. During the last trading day the stock fluctuated 0% from a day low at £76.20 to a day high of £76.20. The price has risen in 4 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 3 thousand shares were bought and sold for approximately £197.51 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 stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £82.84. A reaction back to this level may hold a second chance to get out before further falls.
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REAT.L Signals & Forecast
The React 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 £75.60 and £71.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 5,761.54%. 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.
Support, Risk & Stop-loss for React Group Plc stock
React Group Plc finds support from accumulated volume at £76.00 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 controlled movements and therefore the general risk is considered 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 1.05%.
Our recommended stop-loss: £73.84 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (REAT.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect React Group Plc to open at £76.20, and during the day (based on 14 day Average True Range), to move between £74.37 and £78.03, which gives a possible trading interval of +/-£1.83 (+/-2.41%) up or down from last closing price. If React Group Plc takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £76.00, some £0.200 (0.26%) from the current price of £76.20, our system finds the risk reward attractive.
Earnings coming up
React Group Plc will release earnings BMO on Wednesday, May 29, 2024. We will update the financials statements for React Group Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.70% in the first trading day after earnings release.
Is React Group Plc 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 React Group Plc stock to perform well in the short-term.
Current score: 2.775 Buy Candidate Unchanged
Predicted Opening Price for React Group Plc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £76.20 ( 0%) | £76.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REAT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.20 | . | |
| R2 | 76.20 | . | ||
| R1 | 76.20 | . | ||
| Current price: | 76.20 | |||
| Support | S1 | 76.20 | . | |
| S2 | 76.20 | . | ||
| S3 | 76.20 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 76.20 | |||
| Support | S1 | 76.00 | -0.262% | |
| S2 | 73.50 | -3.54% | ||
| S3 | 71.00 | -6.82% |
FAQ
Click here for our free guide on how to buy React Group Plc Stock.
