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Regional Management Corp Stock Forecast NYSE:RM

$57.53 (3.64%)

Volume: 50k

Closed: Dec 07, 2021

Hollow Logo Score: -2.787

Regional Management Corp Stock Forecast

$57.53 (3.64%)

Volume: 50k

Closed: Dec 07, 2021

Score Hollow Logo -2.787
Key Stats
Beta 1.28
Trailing Dividend Rate 1.7% ($0.94)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

Regional Management Corp stock price up 3.64% on Tuesday
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-30 Gain 1.71%

The Regional Management Corp stock price gained 3.64% on the last trading day (Tuesday, 7th Dec 2021), rising from $55.51 to $57.53. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.19% from a day low at $55.60 to a day high of $57.93. The price has fallen in 6 of the last 10 days and is down by -8.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $2.86 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Regional Management Corp stock with a 90% probability to be traded between $49.73 and $62.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Regional Management Corp 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 $57.57. On a fall, the stock will find some support from the short-term average at $56.16. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Regional Management Corp finds support from accumulated volume at $56.56 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 $2.33 between high and low, or 4.19%. For the last week, the stock has had a daily average volatility of 4.38%.

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

Is Regional Management Corp stock A Buy?

Regional Management Corp 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: -2.787

Predicted Opening Price for Regional Management Corp of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$57.02 $57.53 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 29, 2021 "JMP Securities" gave "" rating for RM. The price target was changed from $62.76 to 1.5%.

Volatility and Risk
Daily Average Volatility: 4.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $60.78
Price: $57.53
Support: $56.56

RM Insider Trading Show all Trades

INSIDER POWER

0.586

Last 100 transactions
Buy: 303 109 | Sell: 517 298 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 4 000 Campos Roel C Stock Option (right to buy)
Dec 03, 2021 Sell 1 188 Campos Roel C Common Stock
Dec 03, 2021 Buy 4 000 Campos Roel C Common Stock
Nov 23, 2021 Sell 995 Basswood Capital Management, L.l.c. Common Stock
Nov 23, 2021 Sell 1 890 Basswood Capital Management, L.l.c. Common Stock
Show all Insider Trades
INSIDER POWER

0.586

Last 100 transactions
Buy: 303 109 | Sell: 517 298 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 59.35 3.16 %
58.46 1.62 %
57.91 0.66 %
Current price: 57.53
Support 56.13 -2.43 %
55.58 -3.39 %
54.69 -4.94 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 62.75 9.07 %
60.83 5.74 %
60.78 5.65 %
Current price 57.53
Support 56.56 -1.69%
56.08 -2.52%
51.14 -11.11%

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About Regional Management Corp

Regional Management Regional Management Corp., a diversified specialty consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; and optional payment protection insurance... Read more

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