Regional Management Corp Stock Forecast
Regional Management Corp stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The Regional Management Corp stock price gained 1.18% on the last trading day (Wednesday, 17th Apr 2024), rising from $24.57 to $24.86. During the last trading day the stock fluctuated 2.99% from a day low at $24.39 to a day high of $25.12. The price has risen in 6 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $1.09 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 $20.76 and $26.73 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.
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
Fair opening price April 18, 2024 | Current price |
---|---|
$24.79 ( 0.282%) | $24.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.52 | 2.65 % | |
R2 | 25.24 | 1.53 % | ||
R1 | 25.07 | 0.84 % | ||
Current price: | 24.86 | |||
Support | S1 | 24.51 | -1.40 % | |
S2 | 24.34 | -2.10 % | ||
S3 | 24.06 | -3.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.40 | 2.17 % | |
R2 | 25.21 | 1.41 % | ||
R1 | 25.17 | 1.25 % | ||
Current price | 24.86 | |||
Support | S1 | 24.26 | -2.41% | |
S2 | 23.97 | -3.58% | ||
S3 | 23.05 | -7.28% |
RM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Feb 21, 2024 | Mar 13, 2024 | $0.300 | 1.26% |
2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | $0 | 0% |
3 | Aug 02, 2023 | Aug 22, 2023 | Sep 14, 2023 | $0.300 | 1.08% |
4 | May 03, 2023 | May 23, 2023 | Jun 14, 2023 | $0.300 | 0.98% |
5 | Feb 08, 2023 | Feb 21, 2023 | Mar 15, 2023 | $0.300 | 1.14% |
FAQ
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