B. Riley Financial Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in B. Riley Financial stock price on Friday which ended trading at $36.82
(Updated on Apr 26, 2024)
The B. Riley Financial stock price gained 6.14% on the last trading day (Friday, 26th Apr 2024), rising from $34.69 to $36.82. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 16.32% from a day low at $34.25 to a day high of $39.84. The price has risen in 7 of the last 10 days and is up by 73.11% 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, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $165.57 million.
Given the current short-term trend, the stock is expected to rise 19.04% during the next 3 months and, with a 90% probability hold a price between $23.30 and $43.83 at the end of this 3-month period.
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RILY Signals & Forecast
Mostly positive signals in the chart today. The B. Riley Financial 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 $26.32 and $21.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 142.24%. 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.
Support, Risk & Stop-loss for B. Riley Financial stock
On the downside, the stock finds support just below today's level from accumulated volume at $34.69 and $29.75. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $29.75 may give a huge drop in the stock price.
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 $5.59 between high and low, or 16.32%. For the last week, the stock has had daily average volatility of 18.57%.
Since the B. Riley Financial has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $35.50 (-3.58%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (RILY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect B. Riley Financial to open at $36.97, and during the day (based on 14 day Average True Range), to move between $33.58 and $40.06, which gives a possible trading interval of +/-$3.24 (+/-8.81%) up or down from last closing price. If B. Riley Financial takes out the full calculated possible swing range there will be an estimated 17.61% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.69, some $2.13 (5.78%) from the current price of $36.82, our system finds the risk reward attractive.
Is B. Riley Financial stock A Buy?
B. Riley Financial holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.125 Strong Buy Candidate Upgraded
Predicted Opening Price for B. Riley Financial of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $36.97 ( 0.407%) | $36.82 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 42.56 | 15.59 % | |
| R2 | 40.42 | 9.79 % | ||
| R1 | 39.11 | 6.21 % | ||
| Current price: | 36.82 | |||
| Support | S1 | 34.83 | -5.39 % | |
| S2 | 33.52 | -8.97 % | ||
| S3 | 31.38 | -14.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.82 | |||
| Support | S1 | 34.69 | -5.78% | |
| S2 | 29.75 | -19.20% | ||
| S3 | 0 | . |
RILY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.500 | 2.57% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Nov 30, 2023 | $1.00 | 5.43% |
| 3 | Aug 05, 2023 | Aug 10, 2023 | Aug 21, 2023 | $1.00 | 2.13% |
| 4 | Aug 05, 2023 | May 15, 2023 | May 23, 2023 | $1.00 | 2.68% |
| 5 | May 27, 2023 | Mar 09, 2023 | Mar 23, 2023 | $1.00 | 3.48% |
FAQ
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