B. Riley Financial Stock Forecast
B. Riley Financial stock price ended at $16.81 on Tuesday, after losing 3.67%.
(Updated on Jul 02, 2024)
The B. Riley Financial stock price fell by -3.67% on the last day (Tuesday, 2nd Jul 2024) from $17.45 to $16.81. During the last trading day the stock fluctuated 5.53% from a day low at $16.28 to a day high of $17.18. The price has fallen in 7 of the last 10 days and is down by -11.2% for this period. Volume has increased on the last day by 230 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, 1 million shares were bought and sold for approximately $17.03 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.36% during the next 3 months and, with a 90% probability hold a price between $11.97 and $28.32 at the end of this 3-month period.
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RILY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The B. Riley Financial 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 $18.16 and $24.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -56.39%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for B. Riley Financial stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.90 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 7.91%.
B. Riley Financial is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect B. Riley Financial to open at $16.76, and during the day (based on 14 day Average True Range), to move between $15.17 and $18.45, which gives a possible trading interval of +/-$1.64 (+/-9.74%) up or down from last closing price. If B. Riley Financial takes out the full calculated possible swing range there will be an estimated 19.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $17.29, some $0.480 (2.86%) from the current price of $16.81, our system finds the risk reward not very attractive.
Is B. Riley Financial stock A Buy?
B. Riley Financial 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: -5.781 Strong Sell Candidate Unchanged
Predicted Opening Price for B. Riley Financial of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.76 ( 0.317%) | $16.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.66 | 5.04% |
| R2 | 17.31 | 2.99% |
| R1 | 17.10 | 1.73% |
| Price | 16.81 | |
| S1 | 16.41 | -2.36% |
| S2 | 16.20 | -3.63% |
| S3 | 15.86 | -5.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.93 | 12.61% |
| R2 | 17.95 | 6.78% |
| R1 | 17.29 | 2.86% |
| Price | 16.81 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
RILY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 11, 2024 | $0.500 | 2.20% |
| 2 | Feb 29, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.500 | 2.57% |
| 3 | Nov 17, 2023 | Nov 17, 2023 | Nov 30, 2023 | $1.00 | 5.43% |
| 4 | Aug 05, 2023 | Aug 10, 2023 | Aug 21, 2023 | $1.00 | 2.13% |
| 5 | Aug 05, 2023 | May 15, 2023 | May 23, 2023 | $1.00 | 2.68% |
FAQ
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