Regis Corporation Stock Forecast
Big movements in Regis Corporation stock price on Tuesday moving 14.79% between high and low
(Updated on Jul 02, 2024)
The Regis Corporation stock price gained 1.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.00 to $19.25. During the last trading day the stock fluctuated 14.79% from a day low at $18.17 to a day high of $20.86. The price has risen in 7 of the last 10 days and is up by 318.48% over the past 2 weeks. Volume fell on the last day by -124 thousand shares and in total, 232 thousand shares were bought and sold for approximately $4.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.91% during the next 3 months and, with a 90% probability hold a price between $7.21 and $32.03 at the end of this 3-month period.
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RGS Signals & Forecast
The Regis Corporation 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 $18.67 and $7.71. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, June 27, 2024, and so far it has fallen -19.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Regis Corporation stock
Regis Corporation finds support from accumulated volume at $19.00 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 $2.69 between high and low, or 14.79%. For the last week, the stock has had daily average volatility of 22.53%.
Our recommended stop-loss: $18.46 (-4.13%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (RGS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Regis Corporation to open at $19.43, and during the day (based on 14 day Average True Range), to move between $16.76 and $21.74, which gives a possible trading interval of +/-$2.49 (+/-12.93%) up or down from last closing price. If Regis Corporation takes out the full calculated possible swing range there will be an estimated 25.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.00 (1.30%) than the resistance at $19.86 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regis Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Regis Corporation stock to perform well in the short-term.
Current score: 2.335 Buy Candidate Unchanged
Predicted Opening Price for Regis Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.43 ( 0.91%) | $19.25 |
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 | |
|---|---|---|
| R3 | 22.11 | 14.88% |
| R2 | 21.09 | 9.54% |
| R1 | 20.45 | 6.25% |
| Price | 19.25 | |
| S1 | 18.40 | -4.42% |
| S2 | 17.76 | -7.72% |
| S3 | 16.74 | -13.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.00 | 24.68% |
| R2 | 20.52 | 6.60% |
| R1 | 19.86 | 3.17% |
| Price | 19.25 | |
| S1 | 19.00 | -1.30% |
| S2 | 0 | - |
| S3 | 0 | - |
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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