River iGaming p.l.c. Stock Forecast
River iGaming p.l.c. stock price fell more than -6.11% Friday closing at kr24.60
(Updated on May 03, 2024)
The River iGaming p.l.c. stock price fell by -6.11% on the last day (Friday, 3rd May 2024) from kr26.20 to kr24.60. During the last trading day the stock fluctuated 4.17% from a day low at kr24.00 to a day high of kr25.00. The price has risen in 5 of the last 10 days but is still down by -1.6% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately kr377.88 thousand.
The stock lies in the middle of a very wide and 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 -15.83% during the next 3 months and, with a 90% probability hold a price between kr17.57 and kr21.98 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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RIVER.OL Signals & Forecast
There are mixed signals in the stock today. The River iGaming p.l.c. 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 kr26.17. On a fall, the stock will find some support from the short-term average at kr24.46. 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 Thursday, May 02, 2024, and so far it has fallen -6.11%. Further fall is indicated until a new bottom pivot has been found. River iGaming p.l.c. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for River iGaming p.l.c. stock
River iGaming p.l.c. finds support from accumulated volume at kr24.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.00 between high and low, or 4.17%. For the last week, the stock has had daily average volatility of 9.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RIVER.OL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect River iGaming p.l.c. to open at kr24.53, and during the day (based on 14 day Average True Range), to move between kr22.39 and kr26.81, which gives a possible trading interval of +/-kr2.21 (+/-9.00%) up or down from last closing price. If River iGaming p.l.c. takes out the full calculated possible swing range there will be an estimated 18.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr24.40 (0.81%) than the resistance at kr25.00 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is River iGaming p.l.c. stock A Buy?
River iGaming p.l.c. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.022 Strong Sell Candidate Downgraded
Predicted Opening Price for River iGaming p.l.c. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr24.53 ( 0.271%) | kr24.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIVER.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.53 | 3.79 % | |
| R2 | 25.15 | 2.24 % | ||
| R1 | 24.92 | 1.28 % | ||
| Current price: | 24.60 | |||
| Support | S1 | 24.15 | -1.82 % | |
| S2 | 23.92 | -2.78 % | ||
| S3 | 23.53 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.80 | 13.01 % | |
| R2 | 27.00 | 9.76 % | ||
| R1 | 25.00 | 1.63 % | ||
| Current price | 24.60 | |||
| Support | S1 | 24.40 | -0.81% | |
| S2 | 23.60 | -4.07% | ||
| S3 | 21.20 | -13.82% |
RIVER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 23, 2024 | kr2.50 | 10.59% |
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