Record 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
Record plc stock price ended at £63.00 on Friday, after losing 0.787%.
(Updated on May 03, 2024)
The Record plc stock price fell by -0.787% on the last day (Friday, 3rd May 2024) from £63.50 to £63.00. During the last trading day the stock fluctuated 4.76% from a day low at £63.00 to a day high of £66.00. The price has risen in 7 of the last 10 days and is up by 5% over the past 2 weeks. Volume has increased on the last day by 76 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 158 thousand shares were bought and sold for approximately £9.93 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £63.78 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.68% during the next 3 months and, with a 90% probability hold a price between £48.94 and £56.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
REC.L Signals & Forecast
The Record plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £62.31 and £62.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 8.62%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Record plc stock
Record plc finds support from accumulated volume at £62.70 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 £3.00 (4.76%) between high and low. For the last week, the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: £59.98 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (REC.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Record plc to open at £64.00, and during the day (based on 14 day Average True Range), to move between £59.93 and £66.07, which gives a possible trading interval of +/-£3.07 (+/-4.87%) up or down from last closing price. If Record plc takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £62.70 (0.48%) than the resistance at £64.80 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Record plc stock A Buy?
Record plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.024 Hold/Accumulate Unchanged
Predicted Opening Price for Record plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £64.00 ( 1.59%) | £63.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.00 | 6.35 % | |
| R2 | 65.85 | 4.53 % | ||
| R1 | 65.15 | 3.41 % | ||
| Current price: | 63.00 | |||
| Support | S1 | 62.85 | -0.232 % | |
| S2 | 62.15 | -1.36 % | ||
| S3 | 61.00 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.00 | 7.94 % | |
| R2 | 67.20 | 6.67 % | ||
| R1 | 64.80 | 2.86 % | ||
| Current price | 63.00 | |||
| Support | S1 | 62.70 | -0.476% | |
| S2 | 62.10 | -1.43% | ||
| S3 | 62.00 | -1.59% |
REC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £2.45 | 2.75% |
| 3 | Nov 29, 2022 | Dec 08, 2022 | Dec 30, 2022 | £2.05 | 2.25% |
| 4 | Jun 21, 2022 | Jun 30, 2022 | Aug 09, 2022 | £0.92 | 1.26% |
| 5 | Nov 23, 2021 | Dec 02, 2021 | Dec 30, 2021 | £1.80 | 2.15% |
FAQ
Click here for our free guide on how to buy Record plc Stock.
