Regency Centers Corporation Stock Forecast
Weaker technical forecast for Regency Centers Corporation as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
No changes to the price of Regency Centers Corporation stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $23.28 to a day high of $23.28. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks.
The stock lies the upper part of a 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 $23.42 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 -3.96% during the next 3 months and, with a 90% probability hold a price between $21.11 and $22.49 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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REGCP Signals & Forecast
The Regency Centers Corporation 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 $23.16 and $23.09. 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). 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 Monday, June 10, 2024, and so far it has fallen -0.501%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, June 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Regency Centers Corporation stock
Regency Centers Corporation finds support from accumulated volume at $23.05 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 therefore the general risk is considered very 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 0.788%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REGCP) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Regency Centers Corporation to open at $23.28, and during the day (based on 14 day Average True Range), to move between $23.03 and $23.54, which gives a possible trading interval of +/-$0.255 (+/-1.10%) up or down from last closing price. If Regency Centers Corporation takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.29 (0.03%) than the support at $23.05 (1.00%), 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 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: -1.663 Sell Candidate Downgraded
Predicted Opening Price for Regency Centers Corporation of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$23.28 ( 0.00000000%) | $23.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REGCP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.28 | 0.00000000% |
R2 | 23.28 | 0.00000000% |
R1 | 23.28 | 0.00000000% |
Price | 23.28 | |
S1 | 23.28 | 0.00000000% |
S2 | 23.28 | 0.00000000% |
S3 | 23.28 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.16 | 3.77% |
R2 | 23.55 | 1.15% |
R1 | 23.29 | 0.0309% |
Price | 23.28 | |
S1 | 23.05 | -1.00% |
S2 | 22.92 | -1.56% |
S3 | 22.51 | -3.32% |
REGCP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | Jul 16, 2024 | Jul 31, 2024 | $0.391 | 1.68% |
2 | Feb 07, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.391 | 1.74% |
3 | Nov 02, 2023 | Jan 12, 2024 | Jan 31, 2024 | $0.391 | 1.59% |
4 | Sep 25, 2023 | Oct 13, 2023 | Oct 31, 2023 | $0.391 | 1.69% |
FAQ
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