Ramsay Health Care Limited Stock Forecast
Ramsay Health Care Limited stock price down 0.398% on Friday
(Updated on May 10, 2024)
The Ramsay Health Care Limited stock price fell by -0.398% on the last day (Friday, 10th May 2024) from $50.31 to $50.11. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.13% from a day low at $49.83 to a day high of $50.40. The price has fallen in 7 of the last 10 days and is down by -2.62% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 394 thousand shares were bought and sold for approximately $19.75 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.54% during the next 3 months and, with a 90% probability hold a price between $48.49 and $54.34 at the end of this 3-month period.
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RHC.AX Signals & Forecast
There are mixed signals in the stock today. The Ramsay Health Care 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 $50.93 and $52.67. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.0399%. 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).
Support, Risk & Stop-loss for Ramsay Health Care Limited stock
Ramsay Health Care Limited finds support from accumulated volume at $50.09 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 $0.565 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RHC.AX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ramsay Health Care Limited to open at $50.11, and during the day (based on 14 day Average True Range), to move between $49.16 and $51.06, which gives a possible trading interval of +/-$0.95 (+/-1.90%) up or down from last closing price. If Ramsay Health Care Limited takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.09 (0.04%) than the resistance at $51.08 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ramsay Health Care Limited stock A Buy?
Ramsay Health Care Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.922 Sell Candidate Unchanged
Predicted Opening Price for Ramsay Health Care Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $50.11 ( 0.0033%) | $50.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.68 | 1.13 % | |
| R2 | 50.46 | 0.700 % | ||
| R1 | 50.33 | 0.434 % | ||
| Current price: | 50.11 | |||
| Support | S1 | 49.90 | -0.427 % | |
| S2 | 49.76 | -0.693 % | ||
| S3 | 49.55 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.91 | 9.58 % | |
| R2 | 54.63 | 9.02 % | ||
| R1 | 51.08 | 1.94 % | ||
| Current price | 50.11 | |||
| Support | S1 | 50.09 | -0.0399% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Apr 05, 2024 | $0.400 | 0.741% |
| 2 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | $0.500 | 0.744% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | $0.485 | 0.693% |
| 4 | Mar 07, 2022 | Mar 07, 2022 | Mar 07, 2022 | $0.485 | 0.80% |
| 5 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | $1.03 | 1.46% |
FAQ
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