Regency Centers Corporation Stock Forecast
Weaker technical forecast for Regency Centers Corporation as stock downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Regency Centers Corporation stock price fell by -0.0452% on the last day (Wednesday, 26th Jun 2024) from $21.88 to $21.87. During the last trading day the stock fluctuated 1.15% from a day low at $21.75 to a day high of $22.00. The price has fallen in 5 of the last 10 days and is down by -1.4% for this period. Volume has increased on the last day by 6 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, 9 thousand shares were bought and sold for approximately $186.90 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.44% during the next 3 months and, with a 90% probability hold a price between $19.51 and $21.10 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.
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REGCO Signals & Forecast
There are mixed signals in the stock today. The Regency Centers Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.02. On a fall, the stock will find some support from the short-term average at $21.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Regency Centers Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Regency Centers Corporation stock
Regency Centers Corporation finds support from accumulated volume at $21.80 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 0.432%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REGCO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Regency Centers Corporation to open at $21.87, and during the day (based on 14 day Average True Range), to move between $21.65 and $22.09, which gives a possible trading interval of +/-$0.222 (+/-1.02%) up or down from last closing price. If Regency Centers Corporation takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.80 (0.32%) than the resistance at $21.99 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regency Centers Corporation stock A Buy?
Regency Centers Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.062 Sell Candidate Downgraded
Predicted Opening Price for Regency Centers Corporation of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$21.87 ( 0.0152%) | $21.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REGCO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.12 | 1.16% |
R2 | 22.03 | 0.722% |
R1 | 21.97 | 0.452% |
Price | 21.87 | |
S1 | 21.78 | -0.421% |
S2 | 21.72 | -0.691% |
S3 | 21.62 | -1.13% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.99 | 5.12% |
R2 | 22.09 | 1.01% |
R1 | 21.99 | 0.549% |
Price | 21.87 | |
S1 | 21.80 | -0.320% |
S2 | 21.65 | -1.01% |
S3 | 21.47 | -1.83% |
REGCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | Jul 16, 2024 | Jul 31, 2024 | $0.367 | 1.68% |
2 | Feb 07, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.367 | 1.71% |
3 | Nov 02, 2023 | Jan 12, 2024 | Jan 31, 2024 | $0.367 | 1.48% |
4 | Sep 25, 2023 | Oct 13, 2023 | Oct 31, 2023 | $0.367 | 1.70% |
FAQ
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