Rolls-Royce Holdings plc Stock Forecast

Red day on Friday for Rolls-Royce Holdings plc stock after losing 0%
(Updated on Apr 19, 2024)

RLLCF Signals & Forecast

There are mixed signals in the stock today. The Rolls-Royce Holdings plc 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 $0.0044 and $0.0046. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Tuesday, March 19, 2024, and so far it has fallen 0%. 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 Rolls-Royce Holdings plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0001 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 6.54%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RLLCF) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Rolls-Royce Holdings plc to open at $0.0043, and during the day (based on 14 day Average True Range), to move between $0.0038 and $0.0048, which gives a possible trading interval of +/-$0.0005 (+/-10.62%) up or down from last closing price. If Rolls-Royce Holdings plc takes out the full calculated possible swing range there will be an estimated 21.24% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0045, some $0.0002 (4.65%) from the current price of $0.0043, our system finds the risk reward not very attractive.

Is Rolls-Royce Holdings plc stock A Buy?

Rolls-Royce Holdings plc 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: -1.824 Sell Candidate Unchanged

Predicted Opening Price for Rolls-Royce Holdings plc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.