Regional REIT Limited 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
Regional REIT Limited stock price ended at £23.95 on Tuesday, after losing 0%.
(Updated on May 07, 2024)
No changes to the price of Regional REIT Limited stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £23.95 to a day high of £23.95. The price has been going up and down for this period, and there has been a 5.27% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising 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 £24.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.50% during the next 3 months and, with a 90% probability hold a price between £14.84 and £25.61 at the end of this 3-month period.
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RGL.L Signals & Forecast
The Regional REIT Limited 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 £23.27 and £20.41. 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 Thursday, May 02, 2024, and so far it has fallen -0.83%. 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.
Support, Risk & Stop-loss for Regional REIT Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £22.35 and £20.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Regional REIT Limited finds support just below today's level at £22.35. If this is broken, then the next support from accumulated volume will be at £20.90 and £19.16.
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 7.58%
Our recommended stop-loss: £23.05 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RGL.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Regional REIT Limited to open at £23.95, and during the day (based on 14 day Average True Range), to move between £22.19 and £25.71, which gives a possible trading interval of +/-£1.76 (+/-7.37%) up or down from last closing price. If Regional REIT Limited takes out the full calculated possible swing range there will be an estimated 14.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £24.00 (0.21%) than the support at £22.35 (6.68%), 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 Regional REIT Limited stock A Buy?
Regional REIT Limited 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: 0.757 Hold/Accumulate Unchanged
Predicted Opening Price for Regional REIT Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £23.95 ( 0%) | £23.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.95 | . | |
| R2 | 23.95 | . | ||
| R1 | 23.95 | . | ||
| Current price: | 23.95 | |||
| Support | S1 | 23.95 | . | |
| S2 | 23.95 | . | ||
| S3 | 23.95 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.50 | 2.30 % | |
| R2 | 24.15 | 0.84 % | ||
| R1 | 24.00 | 0.209 % | ||
| Current price | 23.95 | |||
| Support | S1 | 22.35 | -6.68% | |
| S2 | 20.90 | -12.73% | ||
| S3 | 19.16 | -20.00% |
RGL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 05, 2024 | £1.20 | 6.26% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0120 | 0.0396% |
| 3 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £0.0120 | 0.0374% |
| 4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £1.65 | 3.29% |
| 5 | Feb 23, 2023 | Mar 02, 2023 | Apr 06, 2023 | £1.65 | 3.19% |
FAQ
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