Reginn hf. 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
Red day on Tuesday for Reginn hf.
(Updated on Apr 30, 2024)
The Reginn hf. stock price fell by -0.88% on the last day (Tuesday, 30th Apr 2024) from 22.60 Íkr to 22.40 Íkr. During the last trading day the stock fluctuated 0% from a day low at 22.40 Íkr to a day high of 22.40 Íkr. The price has fallen in 4 of the last 10 days and is down by -2.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -302 thousand shares and in total, 209 thousand shares were bought and sold for approximately 4.68 Íkr million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 22.32 Íkr, a level that may pose a second chance to hit a runner. According to fan-theory 23.48 Íkr will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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REGINN.IC Signals & Forecast
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. The Reginn hf. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 22.66 Íkr and 23.37 Íkr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -3.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Reginn hf. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 Íkr between high and low, or 0%. For the last week the stock has had daily average volatility of 0.442%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REGINN.IC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Reginn hf. to open at 22.40 Íkr, and during the day (based on 14 day Average True Range), to move between 22.22 Íkr and 22.58 Íkr, which gives a possible trading interval of +/-0.184 Íkr (+/-0.82%) up or down from last closing price. If Reginn hf. takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 23.00 Íkr, some 0.600 Íkr (2.68%) from the current price of 22.40 Íkr, our system finds the risk reward not very attractive.
Is Reginn hf. stock A Buy?
Reginn hf. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.767 Sell Candidate Unchanged
Predicted Opening Price for Reginn hf. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 22.40 Íkr ( 0.00000000%) | 22.40 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REGINN.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.40 | 0.00000000 % | |
| R2 | 22.40 | 0.00000000 % | ||
| R1 | 22.40 | 0.00000000 % | ||
| Current price: | 22.40 | |||
| Support | S1 | 22.40 | 0.00000000 % | |
| S2 | 22.40 | 0.00000000 % | ||
| S3 | 22.40 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.00 | 20.54 % | |
| R2 | 23.20 | 3.57 % | ||
| R1 | 23.00 | 2.68 % | ||
| Current price | 22.40 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
REGINN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | 0.82 Íkr | 2.44% |
FAQ
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