Regional Management Corp Stock Forecast

Regional Management Corp stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)

RM Signals & Forecast

The Regional Management Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.98. On a fall, the stock will find some support from the long-term average at approximately $24.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Regional Management Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 11, 2024, and so far it has fallen -2.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Regional Management Corp stock

Regional Management Corp finds support from accumulated volume at $24.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.730 (2.99%) between high and low. For the last week, the stock has had daily average volatility of 3.41%.

Our recommended stop-loss: $23.74 (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (RM) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Regional Management Corp to open at $24.79, and during the day (based on 14 day Average True Range), to move between $24.03 and $25.69, which gives a possible trading interval of +/-$0.83 (+/-3.32%) up or down from last closing price. If Regional Management Corp takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.17 (1.25%) than the support at $24.26 (2.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Regional Management Corp stock A Buy?

Regional Management Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.282 Hold/Accumulate Upgraded

Predicted Opening Price for Regional Management Corp of Thursday, April 18, 2024

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