Regional Health Properties, Inc. Stock Forecast
Regional Health Properties, Inc. stock price down 2.86% on Tuesday
(Updated on Jul 02, 2024)
The Regional Health Properties, Inc. stock price fell by -2.86% on the last day (Tuesday, 2nd Jul 2024) from $2.10 to $2.04. During the last trading day the stock fluctuated 9.10% from a day low at $1.93 to a day high of $2.10. The price has fallen in 6 of the last 10 days and is down by -7.69% for this period. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 thousand shares were bought and sold for approximately $22.54 thousand.
The stock lies in the middle of a 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 -25.95% during the next 3 months and, with a 90% probability hold a price between $1.44 and $1.76 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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RHE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Regional Health Properties, Inc. 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 $2.04 and $2.43. 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). Regional Health Properties, Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Regional Health Properties, Inc. stock
Regional Health Properties, Inc. finds support from accumulated volume at $2.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.175 between high and low, or 9.10%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RHE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Regional Health Properties, Inc. to open at $2.02, and during the day (based on 14 day Average True Range), to move between $1.92 and $2.16, which gives a possible trading interval of +/-$0.120 (+/-5.87%) up or down from last closing price. If Regional Health Properties, Inc. takes out the full calculated possible swing range there will be an estimated 11.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.00 (1.96%) than the resistance at $2.08 (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regional Health Properties, Inc. stock A Buy?
Regional Health Properties, Inc. holds several negative signals and is within a 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: -3.789 Sell Candidate Unchanged
Predicted Opening Price for Regional Health Properties, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $2.02 ( 0.90%) | $2.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.20 | 7.69% |
| R2 | 2.13 | 4.41% |
| R1 | 2.09 | 2.38% |
| Price | 2.04 | |
| S1 | 1.95 | -4.18% |
| S2 | 1.91 | -6.20% |
| S3 | 1.85 | -9.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.54 | 24.51% |
| R2 | 2.30 | 12.50% |
| R1 | 2.08 | 2.11% |
| Price | 2.04 | |
| S1 | 2.00 | -1.96% |
| S2 | 1.98 | -2.94% |
| S3 | 0 | - |
RHE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 13, 2015 | Oct 13, 2015 | Oct 13, 2015 | $0.0600 | 0% |
| 2 | Jul 13, 2015 | Jul 13, 2015 | Jul 13, 2015 | $0.660 | 0% |
| 3 | Apr 13, 2015 | Apr 13, 2015 | Apr 13, 2015 | $0.600 | 0% |
FAQ
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