B. Riley Financial, Inc. - 6.37 Stock Forecast
B. Riley Financial, Inc. - 6.37 stock price up 0.204% on Tuesday
(Updated on Jun 25, 2024)
The B. Riley Financial, Inc. - 6.37 stock price gained 0.204% on the last trading day (Tuesday, 25th Jun 2024), rising from $24.30 to $24.35. During the last trading day the stock fluctuated 0.742% from a day low at $24.27 to a day high of $24.45. The price has risen in 5 of the last 10 days but is still down by -0.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $537.28 thousand.
The stock lies in the middle of a narrow and weak 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 6.32% during the next 3 months and, with a 90% probability hold a price between $25.43 and $26.70 at the end of this 3-month period.
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RILYM Signals & Forecast
There are mixed signals in the stock today. The B. Riley Financial, Inc. - 6.37 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 $24.37. On a fall, the stock will find some support from the short-term average at $24.31. 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. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -1.14%. 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). B. Riley Financial, Inc. - 6.37 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.
Support, Risk & Stop-loss for B. Riley Financial, Inc. - 6.37 stock
B. Riley Financial, Inc. - 6.37 finds support from accumulated volume at $24.26 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 $0.180 between high and low, or 0.742%. For the last week the stock has had daily average volatility of 0.726%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILYM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect B. Riley Financial, Inc. - 6.37 to open at $24.36, and during the day (based on 14 day Average True Range), to move between $24.15 and $24.55, which gives a possible trading interval of +/-$0.196 (+/-0.80%) up or down from last closing price. If B. Riley Financial, Inc. - 6.37 takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.38 (0.12%) than the support at $24.26 (0.37%), 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. - 6.37 stock A Buy?
B. Riley Financial, Inc. - 6.37 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.
Current score: -4.274 Sell Candidate Unchanged
Predicted Opening Price for B. Riley Financial, Inc. - 6.37 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $24.36 ( 0.0274%) | $24.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILYM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.54 | 0.767% |
| R2 | 24.47 | 0.484% |
| R1 | 24.43 | 0.310% |
| Price | 24.35 | |
| S1 | 24.29 | -0.255% |
| S2 | 24.25 | -0.429% |
| S3 | 24.18 | -0.712% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.52 | 0.698% |
| R2 | 24.47 | 0.493% |
| R1 | 24.38 | 0.123% |
| Price | 24.35 | |
| S1 | 24.26 | -0.370% |
| S2 | 24.13 | -0.90% |
| S3 | 23.93 | -1.72% |
RILYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.398 | 1.64% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.398 | 1.66% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.398 | 1.85% |
| 4 | Jan 05, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.398 | 1.68% |
| 5 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.398 | 1.67% |
FAQ
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