RioCan Real Estate Investment Trust Stock Forecast
RioCan Real Estate Investment Trust stock price down 1.00% on Friday
(Updated on May 17, 2024)
The RioCan Real Estate Investment Trust stock price fell by -1.00% on the last day (Friday, 17th May 2024) from $13.02 to $12.89. During the last trading day the stock fluctuated 0.80% from a day low at $12.85 to a day high of $12.95. The price has fallen in 7 of the last 10 days and is down by -1.3% 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 -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $38.30 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.69% during the next 3 months and, with a 90% probability hold a price between $11.81 and $12.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RIOCF Signals & Forecast
There are mixed signals in the stock today. The RioCan Real Estate Investment Trust 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 $12.96 and $13.06. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.64%. 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).
Support, Risk & Stop-loss for RioCan Real Estate Investment Trust stock
RioCan Real Estate Investment Trust finds support from accumulated volume at $12.82 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 $0.103 between high and low, or 0.80%. For the last week the stock has had daily average volatility of 0.94%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RIOCF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect RioCan Real Estate Investment Trust to open at $12.90, and during the day (based on 14 day Average True Range), to move between $12.68 and $13.10, which gives a possible trading interval of +/-$0.209 (+/-1.62%) up or down from last closing price. If RioCan Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.91 (0.16%) than the support at $12.82 (0.54%), 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 RioCan Real Estate Investment Trust stock A Buy?
RioCan Real Estate Investment Trust 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: -1.547 Sell Candidate Unchanged
Predicted Opening Price for RioCan Real Estate Investment Trust of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $12.90 ( 0.0595%) | $12.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIOCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.00 | 0.86 % | |
| R2 | 12.96 | 0.553 % | ||
| R1 | 12.94 | 0.365 % | ||
| Current price: | 12.89 | |||
| Support | S1 | 12.86 | -0.246 % | |
| S2 | 12.83 | -0.434 % | ||
| S3 | 12.79 | -0.740 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.55 | 5.12 % | |
| R2 | 13.39 | 3.89 % | ||
| R1 | 12.91 | 0.155 % | ||
| Current price | 12.89 | |||
| Support | S1 | 12.82 | -0.543% | |
| S2 | 12.80 | -0.690% | ||
| S3 | 12.75 | -1.09% |
RIOCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | $0 | 0% |
| 2 | Apr 29, 2024 | Apr 29, 2024 | May 07, 2024 | $0.0669 | 0.517% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Apr 05, 2024 | $0.0682 | 0.508% |
| 4 | Feb 28, 2024 | Feb 28, 2024 | Mar 07, 2024 | $0 | 0% |
| 5 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
FAQ
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