Rithm Capital Corp. Stock Forecast
Rithm Capital Corp. stock price up 0.159% on Friday
(Updated on Jun 28, 2024)
The Rithm Capital Corp. stock price gained 0.159% on the last trading day (Friday, 28th Jun 2024), rising from $25.12 to $25.16. During the last trading day the stock fluctuated 0.319% from a day low at $25.10 to a day high of $25.18. The price has risen in 7 of the last 10 days and is up by 0.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $523.43 thousand.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.80% during the next 3 months and, with a 90% probability hold a price between $25.46 and $25.89 at the end of this 3-month period.
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RITM-PB Signals & Forecast
The Rithm Capital Corp. 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 $25.12 and $24.98. A breakdown below any of these levels will issue sell signals. Rithm Capital Corp. 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 Wednesday, June 26, 2024, and so far it has fallen 0%. 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). The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Rithm Capital Corp. stock
Rithm Capital Corp. finds support from accumulated volume at $25.02 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 $0.0800 between high and low, or 0.319%. For the last week the stock has had daily average volatility of 0.226%.
Our recommended stop-loss: $23.74 (-5.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (RITM-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Rithm Capital Corp. to open at $25.15, and during the day (based on 14 day Average True Range), to move between $25.08 and $25.24, which gives a possible trading interval of +/-$0.0845 (+/-0.34%) up or down from last closing price. If Rithm Capital Corp. takes out the full calculated possible swing range there will be an estimated 0.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.02, some $0.140 (0.56%) from the current price of $25.16, our system finds the risk reward attractive.
Is Rithm Capital Corp. 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 Rithm Capital Corp. stock to perform well in the short-term.
Current score: 2.233 Buy Candidate Unchanged
Predicted Opening Price for Rithm Capital Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.15 ( 0.0530%) | $25.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RITM-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.23 | 0.265% |
| R2 | 25.20 | 0.144% |
| R1 | 25.18 | 0.0685% |
| Price | 25.16 | |
| S1 | 25.12 | -0.174% |
| S2 | 25.10 | -0.249% |
| S3 | 25.07 | -0.371% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.16 | |
| S1 | 25.02 | -0.558% |
| S2 | 24.71 | -1.79% |
| S3 | 24.69 | -1.87% |
RITM-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Aug 15, 2024 | $0.445 | 1.77% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | May 15, 2024 | $0.445 | 1.80% |
| 3 | Jan 12, 2024 | Jan 12, 2024 | Feb 15, 2024 | $0.445 | 1.86% |
| 4 | Oct 13, 2023 | Oct 13, 2023 | Nov 15, 2023 | $0.445 | 1.99% |
| 5 | Jul 14, 2023 | Jul 14, 2023 | Aug 15, 2023 | $0.445 | 2.03% |
FAQ
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