B. Riley Financial, Inc. 5.50% Senior 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
B. Riley Financial, Inc. 5.50% Senior stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The B. Riley Financial, Inc. 5.50% Senior stock price fell by -1.07% on the last day (Friday, 28th Jun 2024) from $21.49 to $21.26. During the last trading day the stock fluctuated 2.81% from a day low at $21.01 to a day high of $21.60. The price has risen in 5 of the last 10 days but is still down by -3.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 13 thousand shares were bought and sold for approximately $272.21 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 10.78% during the next 3 months and, with a 90% probability hold a price between $22.96 and $24.88 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RILYK Signals & Forecast
There are few to no technical positive signals at the moment. The B. Riley Financial, Inc. 5.50% Senior stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.51 and $21.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -3.36%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 $21.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.590 between high and low, or 2.81%. For the last week the stock has had daily average volatility of 2.27%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILYK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 to open at $21.29, and during the day (based on 14 day Average True Range), to move between $20.77 and $21.75, which gives a possible trading interval of +/-$0.495 (+/-2.33%) 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 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.40 (0.66%) than the support at $21.00 (1.22%), 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?
The B. Riley Financial, Inc. 5.50% Senior stock holds several negative signals and despite the positive trend, we believe B. Riley Financial, Inc. 5.50% Senior will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.937 Sell Candidate Downgraded
Predicted Opening Price for B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.29 ( 0.141%) | $21.26 |
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 | 21.88 | 2.92% |
| R2 | 21.65 | 1.86% |
| R1 | 21.52 | 1.20% |
| Price | 21.26 | |
| S1 | 21.06 | -0.92% |
| S2 | 20.93 | -1.57% |
| S3 | 20.70 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.54 | 1.32% |
| R2 | 21.50 | 1.13% |
| R1 | 21.40 | 0.659% |
| Price | 21.26 | |
| S1 | 21.00 | -1.22% |
| S2 | 20.97 | -1.36% |
| S3 | 20.45 | -3.81% |
RILYK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.344 | 1.59% |
| 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
Click here for our free guide on how to buy B. Riley Financial, Inc. 5.50% Senior Notes Due 2026 Stock.
