Regional Express Holdings Limited Stock Forecast
Regional Express Holdings Limited stock price ended at $0.715 on Thursday, after losing 2.05%.
(Updated on May 16, 2024)
The Regional Express Holdings Limited stock price fell by -2.05% on the last day (Thursday, 16th May 2024) from $0.730 to $0.715. During the last trading day the stock fluctuated 2.10% from a day low at $0.715 to a day high of $0.730. The price has been going up and down for this period, and there has been a -8.33% loss for the last 2 weeks. Volume has increased on the last day by 7 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, 28 thousand shares were bought and sold for approximately $20.28 thousand.
The stock lies in the middle of a wide and 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 -13.92% during the next 3 months and, with a 90% probability hold a price between $0.602 and $0.665 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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REX.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Regional Express Holdings Limited 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 $0.742 and $0.776. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -10.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Regional Express Holdings Limited 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Regional Express Holdings Limited 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0150 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REX.AX) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Regional Express Holdings Limited to open at $0.720, and during the day (based on 14 day Average True Range), to move between $0.697 and $0.733, which gives a possible trading interval of +/-$0.0179 (+/-2.51%) up or down from last closing price. If Regional Express Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.730, some $0.0150 (2.10%) from the current price of $0.715, our system finds the risk reward not very attractive.
Is Regional Express Holdings Limited stock A Buy?
Regional Express Holdings Limited holds several negative signals and is within a wide and 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: -3.620 Sell Candidate Unchanged
Predicted Opening Price for Regional Express Holdings Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.720 ( 0.699%) | $0.715 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.735 | 2.80 % | |
| R2 | 0.729 | 2.00 % | ||
| R1 | 0.726 | 1.50 % | ||
| Current price: | 0.715 | |||
| Support | S1 | 0.714 | -0.102 % | |
| S2 | 0.711 | -0.597 % | ||
| S3 | 0.705 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | 12.59 % | |
| R2 | 0.790 | 10.49 % | ||
| R1 | 0.730 | 2.10 % | ||
| Current price | 0.715 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
REX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2019 | Sep 24, 2019 | Oct 16, 2019 | $0.0800 | 5.97% |
| 2 | Feb 27, 2019 | Mar 14, 2019 | Apr 01, 2019 | $0.0400 | 2.76% |
| 3 | Aug 29, 2018 | Oct 24, 2018 | Nov 15, 2018 | $0.0800 | 5.30% |
| 4 | Feb 28, 2018 | May 16, 2018 | May 31, 2018 | $0.0400 | 2.68% |
| 5 | Aug 29, 2017 | Oct 24, 2017 | Nov 15, 2017 | $0.100 | 7.14% |
FAQ
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