Rural Funds Group Stock Forecast

Rural Funds Group stock price ended at $2.02 on Tuesday, after losing 1.46%.
(Updated on May 21, 2024)

RFF.AX Signals & Forecast

The Rural Funds Group stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.04. On a fall, the stock will find some support from the long-term average at approximately $2.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.59%. 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. Rural Funds Group 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".

Support, Risk & Stop-loss for Rural Funds Group stock

Rural Funds Group finds support from accumulated volume at $2.01 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 $0.0500 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: $1.96 (-2.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)

Trading Expectations (RFF.AX) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Rural Funds Group to open at $2.04, and during the day (based on 14 day Average True Range), to move between $1.98 and $2.06, which gives a possible trading interval of +/-$0.0424 (+/-2.10%) up or down from last closing price. If Rural Funds Group takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.01 (0.50%) than the resistance at $2.04 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rural Funds Group stock A Buy?

Rural Funds Group 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: 0.065 Hold/Accumulate Unchanged

Predicted Opening Price for Rural Funds Group of Wednesday, May 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.