RCI Hospitality Holdings Stock Forecast
RCI Hospitality Holdings stock downgraded to Sell Candidate
(Updated on May 06, 2024)
The RCI Hospitality Holdings stock price gained 0.177% on the last trading day (Monday, 6th May 2024), rising from $50.97 to $51.06. During the last trading day the stock fluctuated 1.20% from a day low at $50.88 to a day high of $51.49. The price has fallen in 6 of the last 10 days but is still up by 0.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $2.34 million.
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 -12.77% during the next 3 months and, with a 90% probability hold a price between $42.26 and $47.62 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RICK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.08%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RCI Hospitality Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $53.03. On a fall, the stock will find some support from the short-term average at $50.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for RCI Hospitality Holdings stock
RCI Hospitality Holdings finds support from accumulated volume at $50.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.610 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RICK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect RCI Hospitality Holdings to open at $51.14, and during the day (based on 14 day Average True Range), to move between $49.86 and $52.26, which gives a possible trading interval of +/-$1.20 (+/-2.36%) up or down from last closing price. If RCI Hospitality Holdings takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.12 (0.12%) than the support at $50.92 (0.27%), 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.
Earnings coming up
RCI Hospitality Holdings will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.81. We will update the financials statements for RCI Hospitality Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.97% in the first trading day after earnings release.
Is RCI Hospitality Holdings stock A Buy?
RCI Hospitality Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.431 Sell Candidate Downgraded
Predicted Opening Price for RCI Hospitality Holdings of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $51.14 ( 0.163%) | $51.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RICK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.75 | 1.36 % | |
| R2 | 51.52 | 0.90 % | ||
| R1 | 51.38 | 0.620 % | ||
| Current price: | 51.06 | |||
| Support | S1 | 50.91 | -0.293 % | |
| S2 | 50.77 | -0.575 % | ||
| S3 | 50.53 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.99 | 11.60 % | |
| R2 | 51.99 | 1.82 % | ||
| R1 | 51.12 | 0.118 % | ||
| Current price | 51.06 | |||
| Support | S1 | 50.92 | -0.274% | |
| S2 | 50.08 | -1.92% | ||
| S3 | 50.02 | -2.04% |
RICK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.0600 | 0.103% |
| 2 | Dec 04, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0600 | 0.0906% |
| 3 | Aug 30, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0600 | 0.0989% |
| 4 | May 30, 2023 | Jun 13, 2023 | Jun 28, 2023 | $0.0600 | 0.0801% |
| 5 | Feb 28, 2023 | Mar 14, 2023 | Mar 29, 2023 | $0.0600 | 0.0777% |
FAQ
Click here for our free guide on how to buy RCI Hospitality Holdings Stock.
