River iGaming p.l.c. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
River iGaming p.l.c. stock price ended at kr25.20 on Wednesday, after losing 0.787%.
(Updated on May 22, 2024)
The River iGaming p.l.c. stock price fell by -0.787% on the last day (Wednesday, 22nd May 2024) from kr25.40 to kr25.20. During the last trading day the stock fluctuated 5.00% from a day low at kr24.00 to a day high of kr25.20. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks. Volume has increased on the last day by 2 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, 8 thousand shares were bought and sold for approximately kr198.78 thousand.
The stock lies the upper part of a very wide and falling 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 kr25.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.43% during the next 3 months and, with a 90% probability hold a price between kr17.23 and kr21.70 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
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The River iGaming p.l.c. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr25.71 and kr25.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.82%. 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".
Support, Risk & Stop-loss for River iGaming p.l.c. stock
River iGaming p.l.c. finds support from accumulated volume at kr25.00 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 kr1.20 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 4.78%.
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 Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect River iGaming p.l.c. to open at kr24.80, and during the day (based on 14 day Average True Range), to move between kr23.22 and kr27.18, which gives a possible trading interval of +/-kr1.98 (+/-7.85%) 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 15.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr25.00 (0.79%) than the resistance at kr26.00 (3.17%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.662 Sell Candidate Unchanged
Predicted Opening Price for River iGaming p.l.c. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| kr24.80 ( 1.59%) | kr25.20 |
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 | 26.00 | 3.17 % | |
| R2 | 25.54 | 1.36 % | ||
| R1 | 25.26 | 0.232 % | ||
| Current price: | 25.20 | |||
| Support | S1 | 24.34 | -3.41 % | |
| S2 | 24.06 | -4.53 % | ||
| S3 | 23.60 | -6.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.80 | 10.32 % | |
| R2 | 27.00 | 7.14 % | ||
| R1 | 26.00 | 3.17 % | ||
| Current price | 25.20 | |||
| Support | S1 | 25.00 | -0.794% | |
| S2 | 24.60 | -2.38% | ||
| S3 | 21.20 | -15.87% |
RIVER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 23, 2024 | kr2.50 | 10.59% |
FAQ
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