Regis Corporation Stock Forecast
Green day on Wednesday for Regis Corporation
(Updated on Apr 24, 2024)
The Regis Corporation stock price gained 1.83% on the last trading day (Wednesday, 24th Apr 2024), rising from $5.45 to $5.55. During the last trading day the stock fluctuated 8.05% from a day low at $5.34 to a day high of $5.77. The price has fallen in 6 of the last 10 days and is down by -18.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $117.41 thousand.
The stock lies in the middle of a very 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 -52.59% during the next 3 months and, with a 90% probability hold a price between $2.39 and $3.23 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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RGS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Regis Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Regis Corporation 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 $5.57 and $7.24. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Regis Corporation stock
Regis Corporation finds support from accumulated volume at $5.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.430 between high and low, or 8.05%. For the last week, the stock has had daily average volatility of 7.62%.
Regis Corporation is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Regis Corporation to open at $5.55, and during the day (based on 14 day Average True Range), to move between $5.07 and $6.03, which gives a possible trading interval of +/-$0.477 (+/-8.59%) up or down from last closing price. If Regis Corporation takes out the full calculated possible swing range there will be an estimated 17.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.50 (0.90%) than the resistance at $5.70 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Regis Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.28. We will update the financials statements for Regis Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 17.40% in the first trading day after earnings release.
Is Regis Corporation stock A Buy?
Regis Corporation holds several negative signals and is within a very 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: -2.132 Sell Candidate Unchanged
Predicted Opening Price for Regis Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.55 ( 0.0601%) | $5.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.98 | 7.81 % | |
| R2 | 5.82 | 4.85 % | ||
| R1 | 5.72 | 3.02 % | ||
| Current price: | 5.55 | |||
| Support | S1 | 5.39 | -2.90 % | |
| S2 | 5.29 | -4.73 % | ||
| S3 | 5.12 | -7.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.81 | 22.70 % | |
| R2 | 6.01 | 8.29 % | ||
| R1 | 5.70 | 2.70 % | ||
| Current price | 5.55 | |||
| Support | S1 | 5.50 | -0.90% | |
| S2 | 5.45 | -1.80% | ||
| S3 | 5.41 | -2.47% |
RGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2013 | Nov 01, 2013 | Nov 19, 2013 | $0.0600 | 0.0192% |
| 2 | Aug 21, 2013 | Aug 29, 2013 | Sep 17, 2013 | $0.0600 | 0.0200% |
| 3 | Apr 26, 2013 | May 03, 2013 | May 21, 2013 | $0.0600 | 0.0161% |
| 4 | Feb 01, 2013 | Feb 08, 2013 | Feb 26, 2013 | $0.0600 | 0.0167% |
| 5 | Oct 26, 2012 | Nov 06, 2012 | Nov 22, 2012 | $0.0600 | 0.0185% |
FAQ
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