B. Riley Financial, Inc. - 6.50 Stock Forecast
B. Riley Financial, Inc. - 6.50 stock price up 0.688% on Friday
(Updated on Jun 21, 2024)
The B. Riley Financial, Inc. - 6.50 stock price gained 0.688% on the last trading day (Friday, 21st Jun 2024), rising from $19.63 to $19.77. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.09% from a day low at $19.59 to a day high of $20.00. The price has risen in 7 of the last 10 days but is still down by -3.87% for this period. Volume fell on the last day by -14 thousand shares and in total, 22 thousand shares were bought and sold for approximately $429.45 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.93% during the next 3 months and, with a 90% probability hold a price between $21.44 and $24.80 at the end of this 3-month period.
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RILYN Signals & Forecast
There are few to no technical positive signals at the moment. The B. Riley Financial, Inc. - 6.50 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 $19.92 and $20.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.64%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for B. Riley Financial, Inc. - 6.50 stock
B. Riley Financial, Inc. - 6.50 finds support from accumulated volume at $19.31 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 controlled movements and therefore the general risk is considered 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 $0.410 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILYN) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect B. Riley Financial, Inc. - 6.50 to open at $19.79, and during the day (based on 14 day Average True Range), to move between $19.15 and $20.38, which gives a possible trading interval of +/-$0.612 (+/-3.10%) up or down from last closing price. If B. Riley Financial, Inc. - 6.50 takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.31 (2.30%) than the resistance at $20.40 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is B. Riley Financial, Inc. - 6.50 stock A Buy?
The B. Riley Financial, Inc. - 6.50 stock holds several negative signals and despite the positive trend, we believe B. Riley Financial, Inc. - 6.50 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.761 Sell Candidate Unchanged
Predicted Opening Price for B. Riley Financial, Inc. - 6.50 of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $19.79 ( 0.101%) | $19.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILYN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.20 | 2.18% |
| R2 | 20.04 | 1.38% |
| R1 | 19.94 | 0.89% |
| Price | 19.77 | |
| S1 | 19.63 | -0.691% |
| S2 | 19.53 | -1.18% |
| S3 | 19.38 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.86 | 5.54% |
| R2 | 20.60 | 4.22% |
| R1 | 20.40 | 3.21% |
| Price | 19.77 | |
| S1 | 19.31 | -2.30% |
| S2 | 19.30 | -2.35% |
| S3 | 17.68 | -10.55% |
RILYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.406 | 2.05% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.406 | 1.95% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.406 | 2.32% |
| 4 | Oct 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.406 | 1.88% |
| 5 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.406 | 1.83% |
FAQ
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