B. Riley Financial, Inc. 5.50% Senior Stock Forecast
B. Riley Financial, Inc. 5.50% Senior stock price up 1.30% on Tuesday
(Updated on Jun 25, 2024)
The B. Riley Financial, Inc. 5.50% Senior stock price gained 1.30% on the last trading day (Tuesday, 25th Jun 2024), rising from $21.54 to $21.82. During the last trading day the stock fluctuated 2.68% from a day low at $21.25 to a day high of $21.82. The price has risen in 6 of the last 10 days but is still down by -0.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 188 more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $192.85 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.14% during the next 3 months and, with a 90% probability hold a price between $23.66 and $25.37 at the end of this 3-month period.
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RILYK Signals & Forecast
The B. Riley Financial, Inc. 5.50% Senior 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 $21.52 and $21.45. A breakdown below any of these levels will issue sell signals. B. Riley Financial, Inc. 5.50% Senior has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for B. Riley Financial, Inc. 5.50% Senior stock
B. Riley Financial, Inc. 5.50% Senior finds support from accumulated volume at $21.54 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 $0.570 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $20.85 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (RILYK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 to open at $21.63, and during the day (based on 14 day Average True Range), to move between $21.36 and $22.28, which gives a possible trading interval of +/-$0.462 (+/-2.12%) up or down from last closing price. If B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.83 (0.05%) than the support at $21.54 (1.28%), 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.
Is B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for B. Riley Financial, Inc. 5.50% Senior stock to perform well in the short-term.
Current score: 4.483 Buy Candidate Unchanged
Predicted Opening Price for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $21.63 ( 0.87%) | $21.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILYK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.20 | 1.74% |
| R2 | 21.98 | 0.743% |
| R1 | 21.85 | 0.127% |
| Price | 21.82 | |
| S1 | 21.41 | -1.87% |
| S2 | 21.28 | -2.48% |
| S3 | 21.06 | -3.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.00 | 0.82% |
| R2 | 21.95 | 0.588% |
| R1 | 21.83 | 0.0458% |
| Price | 21.82 | |
| S1 | 21.54 | -1.28% |
| S2 | 21.50 | -1.47% |
| S3 | 20.97 | -3.90% |
RILYK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.344 | 1.58% |
| 2 | Jan 02, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.344 | 1.57% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.344 | 1.86% |
| 4 | Jan 05, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.344 | 1.54% |
| 5 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.344 | 1.51% |
FAQ
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