Real Estate Investors Plc 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
Red day on Friday for Real Estate Investors Plc
(Updated on May 03, 2024)
No changes to the price of Real Estate Investors Plc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.93% from a day low at £34.00 to a day high of £34.66. The price has risen in 4 of the last 10 days and is up by 2.99% over the past 2 weeks.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.87% during the next 3 months and, with a 90% probability hold a price between £34.82 and £36.20 at the end of this 3-month period.
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RLE.L Signals & Forecast
The Real Estate Investors Plc 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 £34.05 and £33.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Real Estate Investors Plc stock
Real Estate Investors Plc finds support from accumulated volume at £33.50 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 £0.655 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: £33.25 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RLE.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Real Estate Investors Plc to open at £34.39, and during the day (based on 14 day Average True Range), to move between £33.86 and £35.14, which gives a possible trading interval of +/-£0.639 (+/-1.85%) up or down from last closing price. If Real Estate Investors Plc takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £33.50, some £1.00 (2.90%) from the current price of £34.50, our system finds the risk reward attractive.
Is Real Estate Investors Plc 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 Real Estate Investors Plc stock to perform well in the short-term.
Current score: 2.871 Buy Candidate Unchanged
Predicted Opening Price for Real Estate Investors Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £34.39 ( 0.333%) | £34.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.04 | 1.57 % | |
| R2 | 34.79 | 0.84 % | ||
| R1 | 34.64 | 0.392 % | ||
| Current price: | 34.50 | |||
| Support | S1 | 34.13 | -1.06 % | |
| S2 | 33.98 | -1.51 % | ||
| S3 | 33.73 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.50 | |||
| Support | S1 | 33.50 | -2.90% | |
| S2 | 33.00 | -4.35% | ||
| S3 | 32.75 | -5.07% |
RLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 26, 2024 | £0.625 | 1.87% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £0.625 | 2.08% |
| 4 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £0.438 | 1.43% |
| 5 | Dec 13, 2022 | Dec 29, 2022 | Jan 20, 2023 | £0.438 | 1.54% |
FAQ
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